Question
Enter the following transactions of an antiques shop in the accounts and extract a trial balance as at 31th December 2019. Dec. 2017 1 Started
- Enter the following transactions of an antiques shop in the accounts and extract a trial balance as at 31th December 2019.
Dec. 2017 | 1 | Started in business with $8000 in the bank. |
| 2 | Bought goods on time from: Frank $550, Byers $540, Lee $610. |
| 5 | Cash sales $510 |
| 6 | Paid wages in cash $110. |
| 7 | Sold goods on time: Snow $295, Park $360: Tyler $640. |
| 9 | Bought goods for cash $120. |
| 10 | Bought good on time from: Byers $410; Lee $1240. |
| 12 | Paid wages in cash $110. |
| 13 | Sold goods on time to: Park $610; Tyler $205. |
| 15 | Bought shop fixtures on time from Stop Ltd $740. |
| 17 | Paid Byers by cheque $700. |
| 18 | We return goods to Lee $83. |
| 21 | Paid Stop Ltd a cheque for $740. |
| 24 | Tyler paid us his account by cheque $845. |
| 27 | We return goods to Frank $18. |
| 30 | Prince lent us $1000 by cash. |
| 31 | Bought a van paying by cheque $6250. |
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