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1. This is the book of Mr. Lindsay Bennett = Jan 1 Started business with $6,000 in the bank and $500 cash in hand Jan
1. This is the book of Mr. Lindsay Bennett = Jan 1 Started business with $6,000 in the bank and $500 cash in hand Jan 2 Bought $2500 goods on credit from Allen. D Jan 3 Credit sales: Leon. F $660; Earl. A $250; Cecil. H $43 Jan 4 Goods bought for cash $230 Jan 5 Bought motor van paying by cheque, $2,560 Jan 7 Paid motor expenses by cheque, $72 Jan 9 Credit sales: Marlon. W, $240; White. K, $260; Lloyd. C, $650 Jan 11 Goods bought on credit: Allen. D $240; Terrence. S $62. Tyrone. S$460 Jan 13 Goods returned by us to Allen. D $ 25 Jan 15 Paid motor expenses by cash, $50 Jan 19 Goods returned to us by Earl. A $110 Jan 20 Cash taken for own use (drawings), $ 100 Jan 21 Paid the following by cheque: Terrence. S, $62; Tyrone. S, $460 Jan 23 Leon. F paid us in cash $660 Jan 25 Cecil. H paid us by cheque, $43 Jan 26 Cash sales, $340 Jan 27 Cash taken for own use, $124 Jan 28 Goods returned by us to Allen. D $42 Jan 29 Paid for postage stamps by cash, $24 Jan 30 Credit sales: Earl. A, $143; Mark. W, $67; White. K, $245 Required: A. The above transactions are to be entered in the relevant accounts using the T. Account. Balance off all accounts B. Extract a trial balance as at 31 Jan. 2009
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