Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Enter the following in the appropriate accounts (T. accounts) for the month of July 2019 for your apparel store. Started business with $2,000 cash

image text in transcribed

2. Enter the following in the appropriate accounts (T. accounts) for the month of July 2019 for your apparel store. Started business with $2,000 cash in the bank, and $8,000 cash in hand . Credit sales to D. Black $510 Cash sales of $475 Cash purchase of $840 Bought fixture $1,500 paying by cheque Bought goods on credit $720 from J. Sam Returned $75 worth of goods to J. Sam Paid wages expense of $450 cash . $85 worth of goods were returned by D. Black . Made cheque payments of $400 to J. Sam Paid wages expense of $840 by cheque

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Risk In The Operation Of EDF Financed Projects

Authors: Koffi Rufin Kouame

1st Edition

6205912651, 978-6205912652

More Books

Students also viewed these Accounting questions

Question

What are the skills of management ?

Answered: 1 week ago