Google LLC
Enter the following transactions in the appropriate accounts:
20X2
Jul 1 Started business with $245,000 cash.
Jul 2 Paid $220,500 of the opening cash into the bank.
Jul 4 Bought goods on credit $23,500 from J. White.
Jul 5 Bought a truck by cheque $98,000.
Jul 7 Bought goods for cash $11,800.
Jul 10 Sold goods on credit $24,000 to B. Lopez.
Jul 12 Returned goods to J. White $5,000.
Jul 19 Sold goods for cash $8,800.
Jul 22 Bought office equipment on credit from Staples $25,000.
Jul 24 S. Harris lent us $23,500 paying us the money by cheque.
Jul 29 We paid J. White his account by cheque $22,500.
Jul 31 We paid Staples by cheque $25,000.