Open and maintain the ledger accounts of P Shortland based on the following transactions: 1 November 4
Question:
Open and maintain the ledger accounts of P Shortland based on the following transactions:
Transcribed Image Text:
1 November 4 November 7 November 12 November Paid 2,000 of own money into bank. Bought second-hand car for business use on credit from J Bellwood for 1,800. Withdrew 200 out of bank for use as petty cash. Paid Bellwood cheque 500 towards car purchase.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
1 Nov Capital 4 Nov J Bellwood 12 Nov B...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The following trial balance was prepared from the ledger accounts of Klein Inc.: The accountant for Klein, Inc., made the following errors during May 2016: 1. The cash purchase of land for $3,000 was...
-
Develop a system for a business. I. Explain the business and its strategy. The business will be your choice, real or imaginary. Perform internal (capabilities, competencies) and external (industry)...
-
The draft statement of financial position of Telin plc at 30 September 20X5 was as follows: Preference shares of the company were originally issued at a premium of 2p per share. The directors of the...
-
The death of Steve Jobs in 2011 sent the world into mourning for the loss of a great innovator. No longer would the world witness Apples enthusiastic CEO clad in his characteristic black turtleneck...
-
Repeat Example 4-5 for the circular disk of charge of radius a, but in the present case assume the surface charge density to vary with r as where s0 is a constant. Ps = Psor (C/m),
-
On august 18 , 2018 Blue loaned to his sister Berry P200,000 at an interest rate of 12 % per annum payable in 1 year thereafter . One month before the debt becomes due Berry's husband died ....
-
Which of the following is least likely to be a criterion for defining a profession? a. Existence of a code of ethics b. Existence of a disciplinary mechanism c. Government-mandated requirement for...
-
Using the Van Accessible data from table 5-4: a. Calculate the degree of operating leverage (DOL). b. Calculate the degree of financial leverage (DFL). c. Calculate the degree of combined leverage...
-
Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 7 percent, and that the maximum allowable...
-
The following transactions relate to H Taylor, a customer of the firm, for February 2015. Construct the ledger account of Taylor for the following transactions and calculate the balance on his...
-
Ian Levinson is setting up his own business as a gentlemans barber. He has some of his own money and is going to borrow as well in order to get the business running. He wants you to construct a...
-
The triangular plate is fixed at its base, and its apex A is given a horizontal displacement of 5 mm. Determine the average normal strain ε x along the x axis. 45 800 mm 45 A' 5 mm 45%...
-
You are the department manager. You are thinking about having an end-of-year Christmas celebration to acknowledge your team's hard efforts and contributions. You have only just taken over the...
-
Ayam Company makes plastic dog carriers. The manufacturing process is highly automated and the machine time needed to make any size crate is approximately the same. Ayam's management decides to begin...
-
Describe a common and measurable collaborative goal. This is not an individual goal; it is a group goal. This can be a goal the group is already working on at work, at school, or at home. The group...
-
Assume a VAT rate of 1 5 % . Rileys Traders is an entity that buys and sells paintings. All parties are registered VAT vendors, and all amounts include VAT unless otherwise stated. The business uses...
-
In which way is the position reported by the wheel sensor indicating direction of motion? What happen when you rotate the IOLab around ( lift it up , do a 1 8 0 degree rotation and put it back down...
-
Why is trust such an important issue in whistleblowing?
-
What is the purpose of the journal wizard?
-
A business provides the following figures. Property Equipment 54,000 8,200 1,150 15,900 Bank Loan Based on the above data ascertain the size of the capital of the business.
-
Complete the gaps in the table below: Assets 678 (a) (b) ? (c) 64,564 (d) 76,575 (e) 86,788 ? Liabilities 31,221 23,123 ? 11,200 31,231 Capital 33,343 76,990 54,693 ? ?
-
Complete the gaps in the table below: Assets Liabilities Capital (a) 12,231 ? 7,887 (b) 23,434 18,312 ? (c) ? 23,111 51,312 (d) 54,524 9,090 ? (e) 31,231 ? 20,022
-
how does 25000 of common stock issued at .98 affect common stock outstanding of 100000
-
Question 2 (13 marks) Godfrey has just recovered from a serious illness and is planning to start his early retirement at the age of 55 (i.e., start the retirement right after his 55th birthday)....
-
B. Assess the financial health of the nonprofit organization based on your analysis of its financial reports. What recommendations might you make to improve financial reporting and the overall...
Study smarter with the SolutionInn App