Question
Jan 1 Started business putting 5,000 into the bank and 500 into petty cash Jan 2 Bought inventory on credit from C. Higgins, 250; F.
Jan 1 Started business putting 5,000 into the bank and 500 into petty cash
Jan 2
Bought inventory on credit from C. Higgins, 250; F. Gulmohammed, 450; S. O' Hare, 650, J. Ballantine, 850 Jan 3 Returned goods to J. Ballantine, 80 and F. Gulmohammed, 40
Jan 4
Sold inventory on credit to: C. Doogan, 1,000; S. Totten, 800 and C. Magee, 1,500 Jan 6 Purchased goods by cheque, 4,000
Jan 8
Purchased goods by in cash, 250 Jan 11 Bought a motor car for 8,000 using a loan received from the bank.
Jan 12
Put diesel in the car, 50 cash, bought motor tax, 120 (by cheque) and insured the car (500 - paid for by cheque) Jan 15 Sold goods in cash, 560
Jan 15
Sold goods - received a cheque, 750 Jan 16 Purchased goods on credit from J. Ballantine, 80; C. Higgins, 560; F. Gulmohammed, 350; S O Hare, 650
Jan 18
Sold goods on credit to S. Totten, 650; C. Magee, 980 and M.Farmer, 150 Jan 21 S. Totten returned goods - 60 and C. Magee returned goods - 100
Jan 22
Returned goods to C. Higgins, 60 Jan 23 Paid by cheque C. Higgins, 500; J. Ballantine, 800; S. O Hare, 300
Jan 25
Received cash from C. Doogan - 800 (banked 500 of this) Jan 25 Received a cheque from S. Totten for 750 and C. Magee, 2,000
Jan 26
Purchased diesel, 50 (in cash) Jan 30 Cash sales, 500
Jan 31
Sales, 2,200 (cheques received) Jan 31 S. Totten purchased 2,500 worth of goods
Jan 31
Purchased 850 of goods from J. Ballantine
I need to create t-accounts and trialbalance. Please help me
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