You are to write up the following in the books: July 1 Started in business with (
Question:
You are to write up the following in the books:
July 1 Started in business with \(£ 3,800\) cash.
3 Bought goods for cash \(£ 480\).
7 Bought goods on time \(£ 1,200\) from J. Gill.
10 Sold goods for cash \(£ 172\).
14 Returned goods to J. Gill \(£ 240\).
18 Bought goods on time \(£ 1,460\) from F. Genesis.
21 Returned goods to F. Genesis \(£ 104\).
24 Sold goods to A. Prince \(£ 292\) on time.
25 Paid J. Gill's account by cash \(£ 960\).
31 A. Prince paid us his account in cash \(£ 292\).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
Question Posted: