Amazon Inc.
Enter the following transactions in the appropriate accounts:
20X7
Jan 1 Started business with $215,000 cash.
Jan 2 Paid $193,500 of the opening cash into the bank.
Jan 4 Bought goods on credit $20,500 from J. Mitchell.
Jan 5 Bought a truck by cheque $86,000.
Jan 7 Bought goods for cash $10,200.
Jan 10 Sold goods on credit $21,000 to M. Parker.
Jan 12 Returned goods to J. Mitchell $4,400.
Jan 19 Sold goods for cash $7,600.
Jan 22 Bought office supplies on credit from OfficeMax $22,000.
Jan 24 T. Campbell lent us $20,500 paying us the money by cheque.
Jan 29 We paid J. Mitchell his account by cheque $19,500.
Jan 31 We paid OfficeMax by cheque $22,000.