Write up the asset, capital and liability accounts in the books of G Walsh to record the
Question:
Write up the asset, capital and liability accounts in the books of G Walsh to record the following transactions:
Transcribed Image Text:
19X9 June 1 99 35 39 99 25 2 5 8 12 15 ,, 19 95 39 " 21 25 30 Started business with 5,000 in the bank. Bought motor van paying by cheque 1,200. Bought office fixtures 400 on credit from Young Ltd. Bought motor van on credit from Super Motors 800. Took 100 out of the bank and put it into the cash till. Bought office fixtures paying by cash 60. Paid Super Motors a cheque for 800. A loan of 1,000 cash is received from J Jarvis. Paid 800 of the cash in hand into the bank account. Bought more office fixtures paying by cheque 300.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Sultan Ghulam Dastgir
The following are details of my Areas of Effectiveness English Language Proficiency, Organization Behavior , consumer Behavior and Marketing, Communication, Applied Statistics, Research Methods , Cognitive & Affective Processes, Cognitive & Affective Processes, Data Analysis in Research, Human Resources Management ,Research Project,
Social Psychology, Personality Psychology, Introduction to Applied Areas of Psychology,
Behavioral Neurosdence , Historical and Contemporary Issues in Psychology, Measurement in Psychology, experimental Psychology,
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
1. Prove using inference rules and laws of logic using at least two different ways. Mark each step with the law or rule you used. If Bob drank coffee last night then he did not sleep well If Bob...
-
Explain (Describe) data encryption in detail (brief). OR Write short note on data encryption
-
Write up the asset and liability and capital accounts to record the following transactions in the records of D. Mair: 2017 July 1 Started business with 24,000 in the bank. 2 Bought office furniture...
-
You make a one-time investment of $400 and leave it for 5 years, earning an annual interest rate of 7%. How much interest will you have earned after 5 years? If you leave the entire amount in your...
-
Give the numbers of protons, nucleons, neutrons, and electrons in an atom of 13454Xe.
-
For each: a. Redraw the diagram. b. Identify the direction of the acceleration vector a(vector) and show it as a vector next to your diagram. Or, if appropriate, write a(vector) = 0(vector). c. If...
-
Are travel professionals equitably paid? Business Travel News (August 13, 2018) reported the results of its annual Travel Manager Salary & Attitude survey. A total of 256 travel professionals, 77...
-
During 2014 AFCO started a construction job with a contract price of $2,500,000. The job was completed in 2016. The following information is available. Instructions (a) Compute the amount of gross...
-
Coolbrook Company has the following information available for the past year: River Division Stream Division Sales revenue $ 1,201,000 $ 1,816,000 Cost of goods sold and operating expenses 897,000...
-
Complete the following table showing which accounts are to be credited and which are to be debited: (a) Goods bought on credit from J Reid. (b) Goods sold on credit to B Perkins. (c) Motor vans...
-
You are required to open the asset and liability and capital accounts and record the following transactions for June 19X8 in the records of C Williams. 19X8 June Started business with 2,000 in cash....
-
How do businesses use float to increase cash management efficiency?
-
Two firms are bidding for a $100 million contract in an all-pay auction. The bidding continues over many rounds, and each firm must incur a non-recoverable cost equal to 1% of the total value of the...
-
Illustrate the different steps required for the insertion of 58 followed by the deletion of 40 in the following AVL tree. 55 40 50 65 60 60 57 70 70
-
3 undamaged, the suit is returned to the customer. If either (or both) of the parts is (are) damaged, the suit goes to customer relations (Server 5). Assume that all travel times are negligible (0),...
-
Saginaw Incorporated completed its first year of operations with a pretax loss of $677,500. The tax return showed a net operating of $826,500, which the company will carry forward. The $149,000...
-
General Average Problem You've just learned about the concept of general average. Try applying it to the following hypothetical: A cruise ship docks close to Rome for three days, giving the...
-
Accountants are permitted to express negative assurance in which of the following reports? a. Standard unmodified audit report on financial statements. b. Compilation report on unaudited financial...
-
Classify each of the following as direct costs or indirect costs of operating the Pediatrics ward for children at the Cleveland Clinic: a. Wi-Fi covering the entire hospital campus b. Net cost of...
-
Date Account and Explanation Debit Credit Jun 1 Cash 105,000 Jun 1 Capital 105,000 (capital contribution) Jun 1 Computer Equipment 56,000 Jun 1 Cash 56,000 Jun 1 Cash 198,000 Jun 1 Bank Loan Payable...
-
.Is bankruptcy on the part of the borrower a common risk that frequently interferes with a lenders efforts to work out a defaulted loan through either nonforeclosure means or foreclosure? Discuss.
-
For each of the following, compute the future value: Present Value Years Interest Rate $ 1 , 2 5 0 1 9 1 2 % $ 9 8 , 7 2 7 1 5 1 3 % $ 6 2 5 6 1 2 % $ 1 1 7 , 6 2 2 7 1 6 % 2 . For each of the...
Study smarter with the SolutionInn App