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5 . 6 A Enter the following transactions in personal accounts only. Bring down the balances at the end of the month. After completing this,
A Enter the following transactions in personal accounts only. Bring down the balances at the end of the month. After completing this, state which of the balances represent debtors and which represent creditors.
May Credit sales,F Black ; G Smith ; L Sime ; J Teel
Credit purchases from P Best ; I. Dorlovan ; G Lime ; T Still
Credit sales to G Smith ; L Sime
Credit purchases from I. Donovan ; T Still
Goods returned to us by L Sime ; J Teel
Cash paid to us by J Teel
We returned goods to P Best ; T Still
We received cheques from L Sime ; F Black
We sold goods on time to F Black ; G Smith
We paid by cheque the following: P Best ; T Still ; G Lime
We returned goods to T Still
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