Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2.15A Write up the accounts to record the following transactions: May 1 Started business with 1,500 cash and 18,000 in the bank. 2 Received a

image text in transcribed

2.15A Write up the accounts to record the following transactions: May 1 Started business with 1,500 cash and 18,000 in the bank. 2 Received a loan of 4,000 from T. Fox by cheque. 3 Bought a computer for cash 1,200. 5 Bought display stands on time from Drop Ltd 840. 8 Took 400 out of the bank and put it in the cash till. 15 Repaid part of Fox's loan using the business debit card 1,000. 17 Paid amount owing to Drop Ltd 840 by internet transfer from the bank account. 24 Repaid part of Fox's loan by cash 500. 31 Bought a colour laser printer on time from P. Blake for 400

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

Financial Accounting A Practical Version

Authors: Abanis Turyahebwa ,Kasozi Geoffrey

1st Edition

6205489481, 978-6205489482

More Books

Students also viewed these Accounting questions