Question
Write up double entries for this question Write up the ledger accounts Make a trial balance Grace commenced business on June 1 2019 with cash
Write up double entries for this question
Write up the ledger accounts
Make a trial balance
Grace commenced business on June 1 2019 with cash of $5000 and she introduced a car valued at $4500. The following Transactions took place.
1 June Purchased Goods for $1000 cash
2 June Purchased Fixtures and fittings $900 for cash
3 June Purchased goods on credit from Eileen $1500
4 June Sold goods for $1200 cash
5 June Sold goods on credit to Tom for $900
8 June Paid Wages $100 in cash
9 June Bought goods from Eric for $850 on credit
10 June Sold goods to Trevor $800 on Credit
11 June Sold goods on credit to Tom for $1000
12 June Paid Eileen $1350
15 June Tom paid in Full
16 June Purchased $700 goods for cash
17 June Sold $500 goods for cash
18 June Trevor paid $500
19 June Paid wages $150
22 June Paid Eric in Full
24 June Loan received from Guy $1000
25 June Purchased a computer system for $4000
26 June Paid Wages $150
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