Question
Tesla Inc. Enter the following transactions in the appropriate accounts: 20X1 Feb 1 Started business with $100,000 cash. Feb 2 Paid $90,000 of the opening
Tesla Inc.
Enter the following transactions in the appropriate accounts:
20X1
Feb 1 Started business with $100,000 cash.
Feb 2 Paid $90,000 of the opening cash into the bank.
Feb 4 Bought goods on credit $9,000 from R. Brown.
Feb 5 Bought a van by cheque $40,000.
Feb 7 Bought goods for cash $4,500.
Feb 10 Sold goods on credit $9,500 to M. Jackson.
Feb 12 Returned goods to R. Brown $2,000.
Feb 19 Sold goods for cash $3,000.
Feb 22 Bought office fixtures on credit from Best Buy $10,500.
Feb 24 P. Harris lent us $9,000 paying us the money by cheque.
Feb 29 We paid R. Brown his account by cheque $8,000.
Feb 31 We paid Best Buy by cheque $10,500.
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