Write up the asset, capital and liability accounts in the books of D. Gough to record the

Question:

Write up the asset, capital and liability accounts in the books of D. Gough to record the following transactions:

June 1 Started business with \(£ 16,000\) in the bank.

2 Bought van paying by cheque \(£ 6,400\).

5 Bought office fixtures \(£ 900\) on time from Old Ltd.

8 Bought van on time from Carton Cars Ltd \(£ 7,100\).

12 Took \(£ 180\) out of the bank and put it into the cash till.

15 Bought office fixtures paying by cash \(£ 120\).

19 Paid Carton Cars Ltd by internet transfer from the bank account.

21 A loan of \(£ 500\) cash is received from B. Berry.

25 Paid \(£ 400\) of the cash in hand into the bank account.

30 Bought more office fixtures, paying with the business debit card \(£ 480\).

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: