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Complete the columns below to show the effects of the following transactions: (a) Bought a van on credit 8,700. (b) Repaid by cash a loan
Complete the columns below to show the effects of the following transactions: (a) Bought a van on credit 8,700. (b) Repaid by cash a loan owed to F Duff 10,000. (c) Bought goods for 1,400 paying by cheque. (d) The owner puts a further 4,000 cash into the business. (e) A debtor returns to us 150 goods. We agree to make an allowance for them. (f) Bought goods on credit 760. (g) The owner takes out 200 cash for his personal use (h) We pay a creditor 1,150 by cheque
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