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QUESTION 2 - Recording Basic Information and Transactions in a T-account 2 Construct the bank account and, from the information in the extract of trial
QUESTION 2 - Recording Basic Information and Transactions in a T-account 2 Construct the bank account and, from the information in the extract of trial balance and the list of transactions below, enter all appropriate items into the bank account and balance off at the end of the week, 26 July 2020. (15 marks) Extract of trial balance as at 19 July 2020: Fixtures & fittings 85,000 Sales 64,875 Bank account 2,985 Creditors 5,430 Transactions for the week commencing 20 July 2020: 20 July Made 500 sales, of which 100 were on credit and the rest paid by bank deb rds 21 July Gave 30 cash refund to customer Tatiana for the products she returned 22 July Paid 200 cheque the electricity 23 July Paid supplier, GoodStock plc, 950 in full repayment of June's purchases 24 July Took 30 from the till to purchase stationery
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