Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4.2 Write up the following transactions in the books of P. Hewitt: 2013 March 1 Started in business with cash 16,000. Bought goods on credit
4.2 Write up the following transactions in the books of P. Hewitt: 2013 March 1 Started in business with cash 16,000. Bought goods on credit from W. Young 420. Paid rent by cash 870. 4 Paid 12,500 of the cash of the business into a bank account. 5 Sold goods on credit to D. Unbar 192. 7 11 2 3 Bought stationery 85 paying by cheque. Cash sales 312. 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 31. 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 216. 31 Bought a computer 730 on credit from B. Coal,
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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