General Motors Company
Enter the following transactions in the appropriate accounts:
20X2
Nov 1 Started business with $145,000 cash.
Nov 2 Paid $130,500 of the opening cash into the bank.
Nov 4 Bought goods on credit $13,500 from P. Baker.
Nov 5 Bought a truck by cheque $58,000.
Nov 7 Bought goods for cash $6,800.
Nov 10 Sold goods on credit $14,000 to L. Hill.
Nov 12 Returned goods to P. Baker $2,900.
Nov 19 Sold goods for cash $4,800.
Nov 22 Bought office furniture on credit from Best Buy $15,000.
Nov 24 T. Anderson lent us $13,500 paying us the money by cheque.
Nov 29 We paid P. Baker his account by cheque $12,500.
Nov 31 We paid Best Buy by cheque $15,000.