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Write up the asset, capital and liability accounts in the books of P. Hammer to record the following transactions. You'd need to create several separate
Write up the asset, capital and liability accounts in the books of P. Hammer to record the following transactions. You'd need to create several separate T-accounts and fill them with numbers. See Hint 1 in the next sheet. | ||||||
Date | Description | Amount () | ||||
November 2021 | ||||||
1 | Started business with money in the bank. | 16,150 | ||||
3 | Bought a lorry paying by cheque. | 6,300 | ||||
6 | Bought office furniture on credit from Hamilton Ltd. | 970 | ||||
8 | Bought lorry on credit from Carton & Cars Ltd. | 7,170 | ||||
9 | Took cash out of bank and put it into the cash till. | 230 | ||||
13 | Bought office furniture paying by cash. | 170 | ||||
19 | Paid Carton & Cars Ltd a cheque. | 7,170 | ||||
21 | A loan is received from B. Magnum in cash. | 700 | ||||
27 | Paid cash in hand into the bank account. | 470 | ||||
30 | Bought more office furniture paying by checque. | 730 | ||||
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