Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

journal entries Question 3 Prepare an accounting equation for D Gough from the following transactions: 2019 March 1 Started business with $16,000 in the bank.

image text in transcribed

journal entries

Question 3 Prepare an accounting equation for D Gough from the following transactions: 2019 March 1 Started business with $16,000 in the bank. March 2 Bought van paying by cheque $6,400. March 5 Bought office fixtures $900 on credit from Old Ltd. March 8 Bought van on credit from Carton Cars Ltd $7,100. March 12 Took $180 out of the bank and put it into the cash till. March 15 Bought office fixtures paying by cash $120. March 19 Paid Carton Cars Ltd a cheque for $7,100. March 21 A loan of $500 cash is received from B Berry. March 25 Paid $400 of the cash in hand into the bank account. March 30 Bought more office fixtures paying by cheque $480

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting IFRS Principles

Authors: Ilse Lubbe, Goolam Modack, Shelly Herbert

5th Edition

0190746920, 978-0190746926

More Books

Students also viewed these Accounting questions