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journal Dee I Started business with $10,500 cash. Dee 2 Put $9,000 of the cash into a bank account. Dee 3 Bought goods for cash
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Dee I Started business with $10,500 cash. Dee 2 Put $9,000 of the cash into a bank account. Dee 3 Bought goods for cash $550. Dee 4 Bought goods on credit from: T. Dry $800; F. Hood 5930: M. Dee 5 Bought stationery on credit from Buttons Ltd $89. Dec 6 Sold goods on credit to: R. Tong $170;L. Fish $240;M. Sing Dec 8 Paid rent by cheque $220. Dec 10 Bought fixtures on credit from Chiefs Ltd $610. Dec 11 Paid salaries in cash $790. Dec 14 Returned goods to: F. Hood S30; M. Smith \$42. Dec 15 Bought van by cheque $6,500. Dec 16 Received loan from B Barclay by cheque $2,000. Dec 18 Goods returned to us by: R. Tong $5; M. Singh $20. Dec 21 Cash sales SI45. Dec 24 Sold goods on credit to: L. Fish $130; A. Tom $500; R. Ple Dec 26 We paid the following by cheque: F. Hood $900; M. Smith Dec 29 Received cheques from: R. Pleat $158; L. Fish $370. Dec 30 Received a further loan from B. Barclay by cash $500. Dec 30 Received $614 cash from A. Tom. Dec 31 Paid travelling expenses by cash $19. Dec 31 Paid sundry expenses by cheque $90. Dee I Started business with $10,500 cash. Dee 2 Put $9,000 of the cash into a bank account. Dee 3 Bought goods for cash $550. Dee 4 Bought goods on credit from: T. Dry $800; F. Hood 5930: M. Dee 5 Bought stationery on credit from Buttons Ltd $89. Dec 6 Sold goods on credit to: R. Tong $170;L. Fish $240;M. Sing Dec 8 Paid rent by cheque $220. Dec 10 Bought fixtures on credit from Chiefs Ltd $610. Dec 11 Paid salaries in cash $790. Dec 14 Returned goods to: F. Hood S30; M. Smith \$42. Dec 15 Bought van by cheque $6,500. Dec 16 Received loan from B Barclay by cheque $2,000. Dec 18 Goods returned to us by: R. Tong $5; M. Singh $20. Dec 21 Cash sales SI45. Dec 24 Sold goods on credit to: L. Fish $130; A. Tom $500; R. Ple Dec 26 We paid the following by cheque: F. Hood $900; M. Smith Dec 29 Received cheques from: R. Pleat $158; L. Fish $370. Dec 30 Received a further loan from B. Barclay by cash $500. Dec 30 Received $614 cash from A. Tom. Dec 31 Paid travelling expenses by cash $19. Dec 31 Paid sundry expenses by cheque $90 Step by Step Solution
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