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2. Gulf Office Supplies has started a business. During the Month to 30 June 2022 the following transactions occur: 1) 2) Introduced 10,000 Capital
2. Gulf Office Supplies has started a business. During the Month to 30 June 2022 the following transactions occur: 1) 2) Introduced 10,000 Capital into the business. Bought goods for 3,500. Sold goods on credit for 2,200 to Gulf PetroChem. Paid wages of 400. Received a 9,000 cash loan from the bank. Bought goods on credit for 5,000 From MegaSupplies Sold goods for 3,500 cash. Bought a delivery van for use in the business costing 5,000. Bought Stationary for 20. 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) 13) 14) 15) Bought a fork lift truck on credit for 3,500. Received and paid an electricity bill for 500. Sold goods for 800 on credit to Palm Estates. Paid a supplier 1,800. Received 900 from Gulf PetroChem Repaired the delivery van costing 60. Required: a) Show the nominal ledger entries (using T-accounts) for the above transactions
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