Question
Prepare the double entries (not the T-accounts) for the following transactions using the format: Date Dr Cr Account name x Account name x July 1
Prepare the double entries (not the T-accounts) for the following transactions using the format:
Date Dr Cr
Account name x
Account name x
July 1 Started in business with 5,000 in the bank and 1,000 cash.
== 2 Bought stationery by cheque 75.
== 3 Bought goods on credit from T Smart 2,100.
== 4 Sold goods for cash 340.
== 5 Paid insurance by cash 290.
== 7 Bought a computer on credit from J Hott 700.
== 8 Paid expenses by cheque 32.
== 10 Sold goods on credit to C Biggins 630.
== 11 Returned goods to T Smart 550.
== 14 Paid wages by cash 210.
== 17 Paid rent by cheque 225.
== 20 Received cheque 400 from C Biggins.
== 21 Paid J Hott by cheque 700.
== 23 Bought stationery on credit from News Ltd 125.
== 25 Sold goods on credit to F Tank 645.
== 31 Paid News Ltd by cheque 125.
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