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3.3 You are to write up the following in the books: 2016 July 1 Started in business with f,800 cash. 3 Bought goods for cash

image text in transcribed 3.3 You are to write up the following in the books: 2016 July 1 Started in business with f,800 cash. 3 Bought goods for cash f480. 7 Bought goods on time f1,200 from J. Gill. 10 Sold goods for cash 172. 14 Returned goods to J. Gill 1,460. 18 Bought goods on time f240 from F. Genesis. 21 Returned goods to F. Genesis f104. 24 Sold goods to A. Prince f292 on time. 25 Paid J. Gill's account by cash 960. 31 A. Prince paid us his account in cash 292. 3.4A Enter the following transactions in the appropriate accounts: 2016 Aug 1 Started in business with 7,400 cash. 2 Paid f7,000 of the opening cash into the bank. 4 Bought goods on time f410 from J. Watson. 5 Bought a van by cheque f4,920. 7 Bought goods for cash f362. 10 Sold goods on time f218 to L. Less. 12 Returned goods to J. Watson f42. 19 Sold goods for cash f54. 22 Bought fixtures on time from Firelighters Ltd f820. 24 F. Holmes lent us f1,500 paying us the money by cheque. 29 We paid J. Watson his account by cheque f368. 31 We paid Firelighters Ltd by cheque f820. 3.5 Enter the following transactions in the accounts of L. Linda: 2017 July 1 Started in business with f20,000 in the bank. 2 D. Rupert lent us 5,000 in cash. 3 Bought goods on time from B. Brown f1,530 and I. Jess f4,162. 4 Sold goods for cash f1,910. 6 Took 200 of the cash and paid it into the bank. 8 Sold goods on time to H. Rise f1,530. 10 Sold goods on time to P. Taylor f341. 11 Bought goods on time from B. Brown {560. 12 H. Rise returned goods to us f65. 14 Sold goods on time to G. Pate f535 and R. Sim f262. 15 We returned goods to B. Brown f94

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