The following information is given for the business of Derek: 1. Derek purchases goods for resale 48
Question:
The following information is given for the business of Derek:
1. Derek purchases goods for resale £48 for cash.
2. He purchases goods for resale £120 from Nita; he pays cash.
3. Derek sells goods to Sadie £11 for cash.
4. He purchases a fixed asset £2,780 for use in the business; he pays cash.
5. Derek sells goods £58 to Doris for cash.
Required
Enter the transactions in the ledger accounts.
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