Berkshire Hathaway Inc.
Enter the following transactions in the appropriate accounts:
20X8
Jun 1 Started business with $120,000 cash.
Jun 2 Paid $108,000 of the opening cash into the bank.
Jun 4 Bought goods on credit $11,000 from L. Martinez.
Jun 5 Bought a van by cheque $48,000.
Jun 7 Bought goods for cash $5,500.
Jun 10 Sold goods on credit $11,500 to T. Scott.
Jun 12 Returned goods to L. Martinez $2,400.
Jun 19 Sold goods for cash $3,800.
Jun 22 Bought office fixtures on credit from Office Depot $12,500.
Jun 24 P. Edwards lent us $11,000 paying us the money by cheque.
Jun 29 We paid L. Martinez his account by cheque $10,000.
Jun 31 We paid Office Depot by cheque $12,500.