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Q3. In the accounting period, the following transactions occurred in a business: ($) a. Purchase of a machine (for cash) 8,000, this machine is already
Q3. In the accounting period, the following transactions occurred in a business: ($) a. Purchase of a machine (for cash) 8,000, this machine is already used for the production line. b. Other selling expenses (all paid in cash) 1,900 C. Credit sales for a customer: 8,000, cost of goods sold: 6.700 d. Depreciation expense of a fixed assets in the Administrative department: 800 Requirement: Prepare the ledger accounts for above transactions. (40 points)
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