Trevor Smith owns and runs a general store. The following transactions took place last week: 1. Trevors

Question:

Trevor Smith owns and runs a general store. The following transactions took place last week:

1. Trevor’s cash sales for the week amount to £1,634.
2. He pays wages for the week £899, paying employees with cash.
3. Trevor takes £180 cash from the business for his own private use.
4. He pays a garage £328 cash for servicing his delivery van.
5. Trevor sells meat and rolls, etc., £65, to the local squash club for a function. The treasurer will pay Trevor next week.


Required

Enter the transactions in Trevor Smith’s ledger.

If there are a number of transactions that need to be recorded in the same account we do just that – we enter them all in that one account.

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

Step by Step Answer:

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