Question No 2:

Enter the following transactions in the accounts: 20X9

May 1 Started in business with 18,000 in the bank.

== 2 Bought goods on credit from B Hind 1,455.

== 3 Bought goods on credit from G Smart 472.

== 5 Sold goods for cash 210.

== 6 We returned goods to B Hind 82.

== 8 Bought goods on credit from G Smart 370.

== 10 Sold goods on credit to P Syme 483.

== 12 Sold goods for cash 305.

== 18 Took 250 of the cash and paid it into the bank.

== 21 Bought a printer by cheque 620.

== 22 Sold goods on credit to H Buchan 394.

== 23 P Syme returned goods to us 160.

== 25 H Buchan returned goods to us 18.

== 28 We returned goods to G Smart 47.

== 29 We paid Hind by cheque 1,373.

== 31 Bought machinery on credit from A Cobb 419.

Apply concept of financial accounting to prepare: Double entries (5 Marks)