Facebook Inc.
Enter the following transactions in the appropriate accounts:
20X0
Nov 1 Started business with $205,000 cash.
Nov 2 Paid $184,500 of the opening cash into the bank.
Nov 4 Bought goods on credit $19,500 from T. Brown.
Nov 5 Bought a truck by cheque $82,000.
Nov 7 Bought goods for cash $9,800.
Nov 10 Sold goods on credit $20,000 to B. Thompson.
Nov 12 Returned goods to T. Brown $4,200.
Nov 19 Sold goods for cash $7,200.
Nov 22 Bought office furniture on credit from Office Depot $21,000.
Nov 24 P. King lent us $19,500 paying us the money by cheque.
Nov 29 We paid T. Brown his account by cheque $18,500.
Nov 31 We paid Office Depot by cheque $21,000.