Answered step by step
Verified Expert Solution
Question
1 Approved Answer
6 . 3 A Record the following details relating to a carpet wholesaler for the month of November and extract a trial balance as at
A Record the following details relating to a carpet wholesaler for the month of November and extract a trial balance as at November.
Nov Started in business with in the bank.
Bought goods on time from: J Small ; F Brown ; R Charles ; T Rae
Cash sales
Paid rent by cheque
Paid business rates by cheque
Sold goods on time to: T Potts ; J Field ; T Gray
Paid wages by cash
We returned goods to: J Small ; R Charles
Bought goods on time from: R Charles ; T Rae ; F Jack
Goods were returned to us by: J Field ; T Potts
Bought van on time from Turnkey Motors
We paid the following by cheque: J Small ; F Brown ; T Rae
Bought another van, paying by cheque immediately
Received a loan of cash from B Bennet.
Received cheques from: T Potts ; J Field
Proprietor brings a further into the business, by a payment into the business bank account
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