Berkshire Hathaway Inc.
Enter the following transactions in the appropriate accounts:
20X3
Aug 1 Started business with $190,000 cash.
Aug 2 Paid $171,000 of the opening cash into the bank.
Aug 4 Bought goods on credit $18,000 from P. Harris.
Aug 5 Bought a van by cheque $76,000.
Aug 7 Bought goods for cash $9,000.
Aug 10 Sold goods on credit $18,500 to J. Roberts.
Aug 12 Returned goods to P. Harris $3,900.
Aug 19 Sold goods for cash $6,600.
Aug 22 Bought office equipment on credit from Staples $19,500.
Aug 24 A. Johnson lent us $18,000 paying us the money by cheque.
Aug 29 We paid P. Harris his account by cheque $17,000.
Aug 31 We paid Staples by cheque $19,500.