Chevron Corporation
Enter the following transactions in the appropriate accounts:
20X0
May 1 Started business with $55,000 cash.
May 2 Paid $49,500 of the opening cash into the bank.
May 4 Bought goods on credit $4,500 from S. Turner.
May 5 Bought a truck by cheque $22,000.
May 7 Bought goods for cash $2,200.
May 10 Sold goods on credit $5,000 to P. Anderson.
May 12 Returned goods to S. Turner $1,000.
May 19 Sold goods for cash $1,400.
May 22 Bought office equipment on credit from Staples $6,000.
May 24 T. Nelson lent us $4,500 paying us the money by cheque.
May 29 We paid S. Turner his account by cheque $4,000.
May 31 We paid Staples by cheque $6,000.