The following is a list of transactions which relate to Ivan for the first month that he

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The following is a list of transactions which relate to Ivan for the first month that he is in business:
1.9.20.....................................  Started the business with £10,000 in cash.
2.9.20.....................................  Paid £8000 into a business bank account.
3.9.20.....................................  Purchased £1000 of goods in cash.
10.9.20.....................................  Bought goods costing £6000 on credit from Roy.
12.9.20.....................................  Cash sales of £3000.
15.9.20.....................................  Goods sold on credit terms to Norman for £4000.
20.9.20.....................................  Ivan settles Roy’s account by cheque.
30.9.20.....................................  Cheque for £2000 received from Norman.


Required
Enter the above transactions in Ivan’s ledger accounts.

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Accounting For Non Accounting Students

ISBN: 9781292286938

10th Edition

Authors: John Dyson, Ellie Franklin

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