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a) Prepare the journal entries in the books of S Ross Lawn Mowing Business Ltd to record the following transactions for the month of April
a) Prepare the journal entries in the books of S Ross Lawn Mowing Business Ltd to record the following transactions for the month of April 2020 (narrations are not required) [8 marks]: 1st April 10 April 15 April 18th April S Ross commenced business with Cash $10,000, Accounts Receivable $5,000, Motor Vehicle $29,000, Equipment $60,000, Accounts Payable $4,000, Bank Loan $20,000 Bought a new lawn mower $9,000 paying $5,000 cash and the remainder on credit Lawn mowing fees performed but not received $200 Lawn mowing fees received $100 in cash Bought $100 of petrol on credit S Ross withdrew $40 cash from the business to pay for his lunch 21st April 27 April 30th April S Ross purchased on credit a new grass cutter/trimmer $400
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