Question
3.5 Enter the following transactions in the accounts of L Linda: 20X7 July 1 Started in business with 20,000 in the bank. == 2 R
3.5 Enter the following transactions in the accounts of L Linda: 20X7 July 1 Started in business with 20,000 in the bank. == 2 R Hughes lent us 5,000 in cash. == 3 Bought goods on credit from B Brown 1,530 and I Jess 4,162. == 4 Sold goods for cash 1,910. == 6 Took 200 of the cash and paid it into the bank. == 8 Sold goods on credit to H Rise 1,374. == 10 Sold goods on credit to P Taylor 341. == 11 Bought goods on credit from B Brown 488. == 12 H Rise returned goods to us 65. == 14 Sold goods on credit to G Pate 535 and R Sim 262. == 15 We returned goods to B Brown 94. == 17 Bought van on credit from Aberdeen Cars Ltd 4,370. == 18 Bought office furniture on credit from J Winter Ltd 1,800. == 19 We returned goods to I Jess 130. == 20 Bought goods for cash 390. == 24 Goods sold for cash 110. == 25 Paid money owing to B Brown by cheque 1,924. == 26 Goods returned to us by G Pate 34. == 27 Returned some of office furniture costing 180 to J Winter Ltd. == 28 L Linda put a further 2,500 into the business in the form of cash. == 29 Paid Aberdeen Cars Ltd 4,370 by cheque. == 31 Bought office furniture for cash 365.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started