Question
6.2 Enter the following transactions of an antiques shop in the journal, then post to the ledger accounts and extract a trial balance as at
6.2 Enter the following transactions of an antiques shop in the journal, then post to the ledger accounts and extract a trial balance
as at 31 March 20X6.
20X6
March 1 Started in business with 8,000 in the bank.
== 2 Bought goods on credit from the following persons: L Frank 550; G Byers 290; P Lee
610.
== 5 Cash sales 510.
== 6 Paid wages in cash 110.
== 7 Sold goods on credit to: J Snow 295; K Park 360; B Tyler 640.
== 9 Bought goods for cash 120.
== 10 Bought goods on credit from: G Byers 410; P Lee 1,240.
== 12 Paid wages in cash 110.
== 13 Sold goods on credit to: K Park 610; B Tyler 205.
== 15 Bought shop fixtures on credit from Stop Ltd 740.
== 17 Paid G Byers by cheque 700.
== 18 We returned goods to P Lee 83.
== 21 Paid Stop Ltd a cheque for 740.
== 24 B Tyler paid us his account by cheque 845.
== 27 We returned goods to L Frank 18.
== 30 G Prince lent us 1,000 by cash.
== 31 Bought a van paying by cheque 6,250.
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