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The table below shows a selection of financial transactions. Complete the columns to identify the accounts and the debit/credit entries to be made in the
The table below shows a selection of financial transactions. Complete the columns to identify the accounts and the debit/credit entries to be made in the ledger to record each of the transactions Transaction description Account to be Account to be debited credited 1 Sold goods on credit to BAS 2 Bought goods for sale on credit from PWA 3 Returned goods to PWA 4 Bought office machinery on credit from WPR 5 Returned office machinery to WPR 6 Received cash from PWR 7 Received payment from TWI by cheque 8 Owner's private car brought into the business 9 Cheque received from PWR dishonoured Question 2
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