Answered step by step
Verified Expert Solution
Question
1 Approved Answer
draw it's journal,ledgers and trial balance 5.6A Enter the following transactions in personal accounts only. Bring down the balances at the end of the month.
draw it's journal,ledgers and trial balance
5.6A Enter the following transactions in personal accounts only. Bring down the balances at the end of the month. After completing this, state which of the balances represent debtors and which are creditors. 2 Credit purchases from T Sim f190; J Leech f63;P Tidy f210;F Rock f190. 8 Credit sales to K Hughes f161;F Dunn f224. 9 Credit purchases from J Leech f215;F Rock f164. 10 Goods returned to us by F Dunn f31; M Lyons f82. 12 Cash paid to us by M Lyons 227. 15 We returned goods to TSimf15; F Rock f21. 19 We received cheques from F Dunn f750;G Wood f310. 21 We sold goods on credit to G Wood f90;K Hughes f430. 28 We paid by cheque the following: TSimf175; F Rock f100; P Tidy f180. 31 We returned goods to F Rock f18Step 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