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3. Write up the following transactions in the books of P Hewitt and then balance off the accounts: (25 II marks) 2008 March 1 Started
3. Write up the following transactions in the books of P Hewitt and then balance off the accounts: (25 II marks) 2008 March 1 Started in business with cash $8,500. 2 Bought goods on credit from W Young $420. 3 Paid rent by cash $210. 4 Paid $6,000 of the cash of the business into a bank account. 5 Sold goods on credit to D Unbar $192. 7 Bought stationery $25 paying by cheque. 11 Cash sales $81. 14 Goods returned by us to W Young $54. 17 Sold goods on credit to J Harper $212. 20 Paid for repairs to the building by cash $78. 22 D Unbar returned goods to us $22. 27 Paid W Young by cheque $366. 28 Cash purchases $470. 29 Bought a van paying by cheque $3,850. 30 Paid motor expenses in cash $62. 31 Bought fixtures $840 on credit from B Coal
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