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Record the following transaction in the relevant accounts for the business using Debit and Credit entries. You are not required to close off the accounts.
Record the following transaction in the relevant accounts for the business using Debit and Credit entries. You are not required to close off the accounts. If you feel that an account does not need any entries made to it, simply enter a dash or hyphen - Customers came during the year and spent 40,000 on credit terms. By the end of the year customers had paid 11,000 to the business. NOTE: Please ensure you enter your answers following the format used in the question. You do not need to use . Just the numerical answer. Do not use any decimal points. For example 1200 or 1,200 NOT 1.200 NOT 1,200.00 NOT 1.200,00 Cash Bank Loan DR DR CR Debtors Capital DR CR DR CR Income Statement Prepayment DR CR DR CR
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