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Enter the following transactions, completing the double entry in the books for the month of May 20X7. May 1 Started in business with 10,000 in
Enter the following transactions, completing the double entry in the books for the month of May 20X7. May 1 Started in business with 10,000 in the bank. == 2 Purchased goods 290 on credit from D James. == 3 Bought fixtures and fittings 1,150 paying by cheque. == 5 Sold goods for cash 140. == 6 Bought goods on credit 325 from C Monty. == 10 Paid rent by cash 200. == 12 Bought stationery 45, paying in cash. == 18 Goods returned to D James 41. == 21 Received rent of 25 by cheque for sublet of corner space. ' == 23 Sold goods on credit to G Cross for 845. == 24 Bought a van paying by cheque 4,100. == 30 Paid the month's wages by cash 360. == 31 The proprietor took cash for his own personal use 80
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