Question
Enter the following transactions, in the cash books of J Pitters for the month of August 2021. August 1 Started business with $50,000 in the
Enter the following transactions, in the cash books of J Pitters for the month of August 2021.
August 1 Started business with $50,000 in the bank and $20,000 cash in hand
2 Purchased goods $2500 by cheque.
3 Bought fixtures and fittings $5000 paying by cheque
5 Sold goods for cash $1000
6 bought goods by cheque $3000
10 Paid rent by cash $2600
12 Bought stationery by cash $500
18 Returned goods to A Cliff $250
21 Received rent of $1000 by cheque
23 Sold goods for cash $4500
24 Bought Motor Vehicle by cheque $20,000
30 Paid the months wages by cash $3000
31 Mr. Pitters took cash for his personal use $2000
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