Ford Motor Company
Enter the following transactions in the appropriate accounts:
20X3
Oct 1 Started business with $140,000 cash.
Oct 2 Paid $126,000 of the opening cash into the bank.
Oct 4 Bought goods on credit $13,000 from N. Carter.
Oct 5 Bought a van by cheque $56,000.
Oct 7 Bought goods for cash $6,500.
Oct 10 Sold goods on credit $13,500 to R. Phillips.
Oct 12 Returned goods to N. Carter $2,800.
Oct 19 Sold goods for cash $4,600.
Oct 22 Bought office fixtures on credit from Office Depot $14,500.
Oct 24 E. Mitchell lent us $13,000 paying us the money by cheque.
Oct 29 We paid N. Carter his account by cheque $12,000.
Oct 31 We paid Office Depot by cheque $14,500.