Aspire V 13 PATTERNED ALUMINUM WIH F COVER CHAPTER 4: LEDGERS Question 3 The following transactions took place in AMM for the month of August 2001. 2001 AUE Started business with $1000 cash Paid $900 of the opening cash into the bank Bought goods on credit $78 from 5, Holmes 5 Bought a van paying by cheque $500 Bought goods for cash $55 10 Sold goods on credit $98 to D Moore 12 Returned goods to 5 Holmes $18 19 Sold goods for cash $28 22 Bought fixture on credit from Kinston Co 5150 24 D Watson lent us $100 paying us the money by cheque 29 We paid 5. Holmes his account by cheque $60 31 We pald Kingston Co by cheque $150 (a) Record the above transaction into the account of AMM. (b) Prepared a Trial Balance of AMM. Question 4 The following are transaction for ABC for the month of February 2003. 2003 Feb Started business with $3000 in the bank and $500 cash Bought goods on credit from T Small C Toodd $100 V Ray ESBIUN$180 DEVELOPMENT Bought goods for cash 520 Paid rent in cash $30 Bought stationery paying by cheque $49 Sold goods on credit to C Crooks $1ad OUNTANTS R Rogers $190 B Grant $240 ITUTE 7 Paid wages in cash 5170 10 We returned goods to C Toodd $60 15 Sold goods on credit to 1 Burma $90 I Smart $130 N Thorn $170 Paid rates by cheque $130 Paid insurance in cash $40 20 Bought van on credit from C White 5600 Pald motor capeases in cash 50 Melanie Kesha