Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

amera Section B- Question 2 Complete a trial balance for the accounts in Question 1 at the end of December 2020. List the accounts hand

image text in transcribed
amera Section B- Question 2 Complete a trial balance for the accounts in Question 1 at the end of December 2020. List the accounts hand column. You may not need to use all the gaps shown in the table. Transactions shown below for reference: Dec/01 Owner of the company started the business by putting 100 000 into the bank Dec/02 Owner of the company invested 40 000 in machinery Dec/03 Bought materials from Mrs Stanley for 60 000 on credit Dec/05 Paid Mrs Stanley a cheque for 60 000 for goods purchased on December 3rd Dec/06 Using funds in the bank, bought a machine for 20 000 Dec/20 Sold goods to Graham Ltd worth 150 000 and received the money into the bank Dec/22 Sold goods to JGH Ltd worth 100 000 on credit Dec/27 Received a cheque from JGH Ltd for 20 000 Dec/28 Bought a company vehicle worth 40 000 paying by cheque Trial Balance Dr Cr Name of account MacBook Pro

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dcaa Audits Widespread Problems With Audit Quality Require Significant Reform: Gao 09 1009t

Authors: U. S. Government Accountability Office

1st Edition

1287232027, 978-1287232025

More Books

Students also viewed these Accounting questions

Question

what is a peer Group? Importance?

Answered: 1 week ago

Question

e. What difficulties did they encounter?

Answered: 1 week ago