Enter the following transactions, completing the double entry in the books for the month of May 2013:
Question:
Enter the following transactions, completing the double entry in the books for the month of May 2013: 2013 May
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1 Started in business with 18,000 in the bank and 2,000 in cash. 2 Purchased goods 580 on credit from D. Monty. 3 Bought fixtures and fittings 2,300 paying by cheque. 5 Sold goods for cash 280. 6 Bought goods on credit 650 from C. George. 10 Paid rent by cash 400. 12 Bought stationery 90, paying in cash. 18 Goods returned to D. Monty 82. 23 21 Received rent of 240 by cheque for sublet of corner space. Sold goods on credit to G. Field for 1,600. Bought a van paying by cheque 8,200. 24 30 Paid the month's wages by cash 610. 31 The proprietor took cash for his own personal use 510.
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Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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