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Enter the following transaction, completing the double entry in the books for the month of May 2013: 2013 May1 Started business with $18,000 in the
Enter the following transaction, completing the double entry in the books for the month of May 2013: 2013 May1 Started business with $18,000 in the bank and $2,000 in cash 2 Purchased goods $580 on credit from D. Monty 3 Bought fixtures and fittings $2,300 paying by cheque 5 Sold goods for cash $280 6 Bought goods on credit $650 from C. George 10 Paid rent by cash $400 12 Bought stationery $90, paying in cash 18 Goods returned to D. Monty $82 21 Received rent of $240 by cheque for the sublet of corner space 23 Sold goods on credit to G. Field for $1,600 24 Bought a van paying by cheque $8,200 30 Paid the months wages by cash $610 31 The proprietor took cash for his own personal use $510
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