Enter the following transactions, completing the double entry in the books for the month of May 20X7.
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Enter the following transactions, completing the double entry in the books for the month of May 20X7.
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20X7 May "1 "1 "1 "1 "1 "1 = = Started in business with £10,000 in the bank. 2 Purchased goods £290 on credit from D James. 3 Bought fixtures and fittings £1,150 paying by cheque. 5 Sold goods for cash £140. 6 Bought goods on credit £325 from C Monty. 10 Paid rent by cash £200. 12 Bought stationery £45, paying in cash. 18 Goods returned to D James £41. 21 Received rent of £25 by cheque for sublet of corner space.
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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