Question
Walmart Inc. Enter the following transactions in the appropriate accounts: 20X6 Dec 1 Started business with $210,000 cash. Dec 2 Paid $189,000 of the opening
Walmart Inc.
Enter the following transactions in the appropriate accounts:
20X6
Dec 1 Started business with $210,000 cash.
Dec 2 Paid $189,000 of the opening cash into the bank.
Dec 4 Bought goods on credit $20,000 from R. Adams.
Dec 5 Bought a van by cheque $84,000.
Dec 7 Bought goods for cash $10,000.
Dec 10 Sold goods on credit $20,500 to C. Wright.
Dec 12 Returned goods to R. Adams $4,300.
Dec 19 Sold goods for cash $7,400.
Dec 22 Bought office equipment on credit from Staples $21,500.
Dec 24 M. Martinez lent us $20,000 paying us the money by cheque.
Dec 29 We paid R. Adams his account by cheque $19,000.
Dec 31 We paid Staples by cheque $21,500.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started