Construct the ledger accounts for S Gillespie from the following transactions. 2015 1 June Gillespie places 6,000
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Construct the ledger accounts for S Gillespie from the following transactions.
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2015 1 June Gillespie places 6,000 of his own money into the business bank account. 4 June Gillespie borrows 4,000 from M Lockwood - money paid into the bank account. 8 June Purchases on credit: 76 from P Reid, 65 from C Coyne. 16 June Premises purchased for 50,000 - financed entirely by a mortgage from Woodseats Building Society. 21 June Sales made on credit: 240 to P Baldwin, 340 to J Dunne. 25 June Sales for cash - 250. 26 June Purchase of equipment for 950 - payment made by cheque. 29 June Baldwin returns goods worth 50.
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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