Question
Alphabet Inc. Enter the following transactions in the appropriate accounts: 20X1 Oct 1 Started business with $200,000 cash. Oct 2 Paid $180,000 of the opening
Alphabet Inc.
Enter the following transactions in the appropriate accounts:
20X1
Oct 1 Started business with $200,000 cash.
Oct 2 Paid $180,000 of the opening cash into the bank.
Oct 4 Bought goods on credit $19,000 from F. Carter.
Oct 5 Bought a van by cheque $80,000.
Oct 7 Bought goods for cash $9,500.
Oct 10 Sold goods on credit $19,500 to S. White.
Oct 12 Returned goods to F. Carter $4,100.
Oct 19 Sold goods for cash $7,000.
Oct 22 Bought office equipment on credit from OfficeMax $20,500.
Oct 24 R. Brown lent us $19,000 paying us the money by cheque.
Oct 29 We paid F. Carter his account by cheque $18,000.
Oct 31 We paid OfficeMax by cheque $20,500.
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