Question
Record the following details relating to a carpet retailer for the month of November 20X7 and extract a trial balance as at 30 November 20X7:
Record the following details relating to a carpet retailer for the month of November 20X7 and extract a trial balance as at 30 November 20X7: 20X7 Nov 1 Started in business with 15,000 in the bank. == 3 Bought goods on credit from: J Small 290; F Brown 1,200; T Rae 610; R Charles 530. == 5 Cash sales 610. == 6 Paid rent by cheque 175. == 7 Paid business rates by cheque 130. == 11 Sold goods on credit to: T Potts 85; J Field 48; T Gray 1,640. == 17 Paid wages by cash 290. == 18 We returned goods to: J Small 18; R Charles 27. BA10_C06.qxd 16/12/04 11:21 am Page 66 Chapter 6 l The trial balance 67 == 19 Bought goods on credit from: R Charles 110; T Rae 320; F Jack 165. == 20 Goods were returned to us by: J Field 6; T Potts 14. == 21 Bought van on credit from Turnkey Motors 4,950. == 23 We paid the following by cheque: J Small 272; F Brown 1,200; T Rae 500. == 25 Bought another van, paying by cheque immediately 6,200. == 26 Received a loan of 750 cash from B. Bennet. == 28 Received cheques from: T Potts 71; J Field 42. == 30 Proprietor brings a further 900 into the business, by a payment into the business bank account.
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