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a) Enter the following transactions into the double-entry book- keeping accounts (T-account) for Dynamic Ltd for December 2017. 1 mark for each complete entry. Each
a) Enter the following transactions into the double-entry book- keeping accounts (T-account) for Dynamic Ltd for December 2017. 1 mark for each complete entry. Each entry must include the date, transaction and amount. (16 marks) b) Balance ALL T-accounts at the end of December. 1 mark for correctly balancing each account. (11 marks) Dec/01 Started a business with 18,000 in the bank Dec/03 Bought a computer for 3,500 paying by cheque Dec/05 Bought furniture for 5,700 from DHF on credit Dec/06 Sold goods worth 7,000 and received the payment by cheque Dec/07 Bought stationary for 10 000 on credit from PC World Dec/09 Paid wages of 9,000 by cheque Dec/11 Sold goods on credit to Mr Smith for 15,000 Dec/30 Used a loan to pay for three computers worth 10,000
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