Accounts Required questions:

(a) prepare the transactions in the General Journal.

(b) prepare the transactions in (T-accounts) and balance off the accounts.

(c) Prepare the Trial Balance for the period.

P. Bernard just opened his business at the start of the second half of the year. The following are the transactions that occurred during the first month of operation:

2023

July 1 Started business with $17,500 in cash.

2 Paid $9,400 of the opening cash into a bank account for the business.

5 Bought office furniture with cash from Dream Ltd for $2,100.

8 Bought a van paying by bank transfer $5,250.

12 Bought equipment from Pearce & Sons with cash $2,300.

18 Returned faulty office furniture costing $260 to Dream Ltd.

25 Sold some of the equipment for $200 cash.

26 Paid amount owing to Dream Ltd $1,840 by bank transfer.

28 Took $130 out of the bank and added to cash.

30 F. Brown lent us $4,000 - sending us the money by bank transfer.