Question
Microsoft Corp. Enter the following transactions in the appropriate accounts: 20X4 Jan 1 Started business with $35,000 cash. Jan 2 Paid $31,500 of the opening
Microsoft Corp.
Enter the following transactions in the appropriate accounts:
20X4
Jan 1 Started business with $35,000 cash.
Jan 2 Paid $31,500 of the opening cash into the bank.
Jan 4 Bought goods on credit $2,500 from N. Green.
Jan 5 Bought a delivery truck by cheque $14,000.
Jan 7 Bought goods for cash $1,300.
Jan 10 Sold goods on credit $3,000 to E. Young.
Jan 12 Returned goods to N. Green $600.
Jan 19 Sold goods for cash $800.
Jan 22 Bought office furniture on credit from Office Depot $4,000.
Jan 24 R. Lee lent us $2,500 paying us the money by cheque.
Jan 29 We paid N. Green his account by cheque $2,000.
Jan 31 We paid Office Depot by cheque $4,000.
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