Prepare T-accounts and a trial balance for the following transactions in the books of 'Mary Ward'...
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Prepare T-accounts and a trial balance for the following transactions in the books of 'Mary Ward' for December. 1 Dec Introduced a motor vehicle to the new business worth £18,500 1 Dec Transferred a computer from home to the business: £3,100 1 Dec Withdrew £1,250 cash from her personal account to cover the cash expenses of the business 1 Dec Put a cheque in the business bank account to cover business start-up costs: £52,000 1 Dec Purchased goods for sale by cheque: £19,400 2 Dec Bought a van using a loan from the bank: £36,000 2 Dec Bought office equipment using a loan from the bank: £15,500 3 Dec Received cheques amounting to £37,000 for sales made 4 Dec Purchased stationery for £975 5 Dec Purchased envelopes for £130 using cash 6 Dec Paid wages by cheque: £1,950 9 Dec Purchased goods for sale for £7,200 by cheque 10 Dec Sales lodged: £24,000 10 Dec Cash sales: £5,200 12 Dec Cash lodged: £2,900 14 Dec Pens purchased in cash: £330 15 Dec Loan instalment transferred by direct debit (00): £6,250 18 Dec Mary wrote a business cheque to her personal account: £12,500 21 Dec Petrol paid by cheque: £1,630. 22 Dec Petrol for vehicles paid by cash: £250 23 Dec Wages paid by cheque: £1,950 24 Dec Second loan instalment DD from bank: £6,250 Prepare T-accounts and a trial balance for the following transactions in the books of 'Mary Ward' for December. 1 Dec Introduced a motor vehicle to the new business worth £18,500 1 Dec Transferred a computer from home to the business: £3,100 1 Dec Withdrew £1,250 cash from her personal account to cover the cash expenses of the business 1 Dec Put a cheque in the business bank account to cover business start-up costs: £52,000 1 Dec Purchased goods for sale by cheque: £19,400 2 Dec Bought a van using a loan from the bank: £36,000 2 Dec Bought office equipment using a loan from the bank: £15,500 3 Dec Received cheques amounting to £37,000 for sales made 4 Dec Purchased stationery for £975 5 Dec Purchased envelopes for £130 using cash 6 Dec Paid wages by cheque: £1,950 9 Dec Purchased goods for sale for £7,200 by cheque 10 Dec Sales lodged: £24,000 10 Dec Cash sales: £5,200 12 Dec Cash lodged: £2,900 14 Dec Pens purchased in cash: £330 15 Dec Loan instalment transferred by direct debit (00): £6,250 18 Dec Mary wrote a business cheque to her personal account: £12,500 21 Dec Petrol paid by cheque: £1,630. 22 Dec Petrol for vehicles paid by cash: £250 23 Dec Wages paid by cheque: £1,950 24 Dec Second loan instalment DD from bank: £6,250
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Motor Vehicle All 18500 Cash AlL 1250 5200 To Capital To capita... View the full answer
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