Enter the following transactions in the books of 'Seamus McKee' for November (use T accounts). 1. Nov

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Enter the following transactions in the books of 'Seamus McKee' for November (use T accounts).

1. Nov Started business with £10,000 in the bank

2. Nov Paid for advertising by cheque: £130

3. Nov Paid for stationery by cheque: £50

4. Nov Bought goods on credit from Red - £900

5. Nov Sold goods for cash: £300

6. Nov Paid for insurance in cash: £8

8 .Nov Bought machinery on credit from Black: £700

9. Nov Paid for machinery expenses in cash: £150

10. Nov Sold goods on credit to Flanagan: £800

11. Nov Returned goods to Red: £200

12. Nov Paid wages in cash: £20

13. Nov Received cheque from Flanagan: £500

15. Nov Paid rent by cheque: £200

20. Nov Bought stationery on credit for £60 from Hutchinson

21. Nov Paid Black £700 by cheque

30. Nov Paid Hutchinson £60 by cheque

30. Nov Sold goods on credit to Flanagan: £500

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Related Book For  answer-question

Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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