Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

May Write up the accounts to record the following transactions: 1 2 3 5 8 15 17 24 31 Started business with 1,500 cash

  

May Write up the accounts to record the following transactions: 1 2 3 5 8 15 17 24 31 Started business with 1,500 cash and 18,000 in the bank. Received a loan of 4,000 from T. Fox by cheque. Bought a computer for cash 1,200. Bought display stands on time from Drop Ltd 840. Took 400 out of the bank and put it in the cash till. Repaid part of Fox's loan using the business debit card 1,000. Paid amount owing to Drop Ltd 840 by internet transfer from the bank account. Repaid part of Fox's loan by cash 500. Bought a colour laser printer on time from P. Blake for 400.

Step by Step Solution

3.30 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below Journal entrie... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

More Books

Students also viewed these Accounting questions