Ford Motor Company
Enter the following transactions in the appropriate accounts:
20X1
Apr 1 Started business with $50,000 cash.
Apr 2 Paid $45,000 of the opening cash into the bank.
Apr 4 Bought goods on credit $4,000 from R. Baker.
Apr 5 Bought a delivery van by cheque $20,000.
Apr 7 Bought goods for cash $2,000.
Apr 10 Sold goods on credit $4,500 to J. Mitchell.
Apr 12 Returned goods to R. Baker $900.
Apr 19 Sold goods for cash $1,200.
Apr 22 Bought fixtures on credit from Best Buy $5,500.
Apr 24 L. Harris lent us $4,000 paying us the money by cheque.
Apr 29 We paid R. Baker his account by cheque $3,500.
Apr 31 We paid Best Buy by cheque $5,500.