JPMorgan Chase & Co.
Enter the following transactions in the appropriate accounts:
20X3
Feb 1 Started business with $40,000 cash.
Feb 2 Paid $36,000 of the opening cash into the bank.
Feb 4 Bought goods on credit $3,000 from O. Scott.
Feb 5 Bought a van by cheque $16,000.
Feb 7 Bought goods for cash $1,500.
Feb 10 Sold goods on credit $3,500 to M. Adams.
Feb 12 Returned goods to O. Scott $700.
Feb 19 Sold goods for cash $900.
Feb 22 Bought fixtures on credit from Best Buy $4,500.
Feb 24 T. Moore lent us $3,000 paying us the money by cheque.
Feb 29 We paid O. Scott his account by cheque $2,500.
Feb 31 We paid Best Buy by cheque $4,500.