Answered step by step
Verified Expert Solution
Question
1 Approved Answer
draw it's journal ledgers and trial balance 5.5 Enter the following in the personal accounts (i.e. the creditor and debtor accounts) only. Do not write
draw it's journal ledgers and trial balance
5.5 Enter the following in the personal accounts (i.e. the creditor and debtor accounts) only. Do not write up the other accounts. Balance off each personal account at the end of the month. After completing this, state which of the balances represent debtors and which represent creditors. 208 Sept 1 Sales on credit to J Bee f520; T Day f630; J Soul f240. "' 2 Purchases on credit D Blue f390;F Rise f510;P Lee f280. " 8 Sales on credit to T Day f640;; L Hope f418. ". 10 Purchases on credit from F Rise f92;R James f870. "' 12 Returns inwards from J Soul f25; T Day f190. " 17 We returned goods to F Rise f12;R James f84. " 20 We paid D Blue by cheque 390. " 24 J Bee paid us by cheque 400. "' 26 We paid R James by cheque f766. " 28 J Bee paid us by cash 80. " 30 L Hope pays us by cheque 418Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started