Question
a)Prepare the journal entries in the books of S Ross Lawn Mowing Business Ltd to record the following transactions for the month of April 2020
a)Prepare the journal entries in the books of S Ross Lawn Mowing Business Ltd to record the following transactions for the month of April 2020 (narrations are not required)
1stAprilS Ross commenced business with Cash $10,000, Accounts Receivable $5,000, Motor Vehicle $29,000, Equipment $60,000, Accounts Payable $4,000, Bank Loan $20,000
10 AprilBought a new lawn mower $9,000 paying $5,000 cash and the remainder on credit
15 AprilLawn mowing fees performed but not received $200
18thAprilLawn mowing fees received $100 in cash
21stAprilBought $100 of petrol on credit
27 AprilS Ross withdrew $40 cash from the business to pay for his lunch
30thAprilS Ross purchased on credit a new grass cutter/trimmer $400
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