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draw up a t accounts for above question You are required to open the asset and liability and capital account and record the following transactions
draw up a t accounts for above question
You are required to open the asset and liability and capital account and record the following transactions for June 2017 in the records of P. Bernard. 2017 June 1 Started business with $17,500 in cash 2 Paid $9,400 of the opening cash into a banks account for the business 5 Bought office furniture on time from Dream Ltd for $2,100 8 Bought a van paying by internet transfer from the bank account $5,250 12 Bought equipment from Pearce \& Sons on time $2,300 18 Returned faulty office furniture costing $260 to Dream Ltd. 25 Sold some of the equipment for $200 cash 26 Paid amount owing to Dream Ltd $1,840 by internet transfer from the bank accou 28 Took $130 out of the bank and added to cash 30 F. Brown lent us $4,000 sending us the money by internet transferStep by Step Solution
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