Question
Enter the following transactions, completing the double entry in the books for the month of May 20x7 also make journal, ledger, and all relevant financial
Enter the following transactions, completing the double entry in the books for the month of May 20x7 also make journal, ledger, and all relevant financial statements. (8 marks) May 1: Started in business with 10.000 in the business bank account. May 2: Purchased goods 290 on credit from D James. May 3: Bought fixtures and fittings 1.150 paying by cheque May 5: Sold goods for cash 140, May 6: Bought goods on credit 325 from Monty May 10: Paid rent by cash 200. May 12: Bought stationery 45, paying in cash. May 18: Goods returned to D James 41. May 21: Received rent of 25 by cheque for sublet of corner space. May 23: Sold goods on credit to G Cross for 845. May 24: Bought a van paying by cheque 4,100 May 30: Paid the month's wages by cash 360. May 31: The owner took cash for his own personal use 80.
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