Alphabet Inc.
Enter the following transactions in the appropriate accounts:
20X9
Jul 1 Started business with $125,000 cash.
Jul 2 Paid $112,500 of the opening cash into the bank.
Jul 4 Bought goods on credit $11,500 from M. Reed.
Jul 5 Bought a truck by cheque $50,000.
Jul 7 Bought goods for cash $5,800.
Jul 10 Sold goods on credit $12,000 to R. King.
Jul 12 Returned goods to M. Reed $2,500.
Jul 19 Sold goods for cash $4,000.
Jul 22 Bought office furniture on credit from Best Buy $13,000.
Jul 24 R. Johnson lent us $11,500 paying us the money by cheque.
Jul 29 We paid M. Reed his account by cheque $10,500.
Jul 31 We paid Best Buy by cheque $13,000.