Enter the following transactions in personal accounts only. Bring down the balances at the end of the
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Enter the following transactions in personal accounts only. Bring down the balances at the end of the month. After completing this, state which of the balances represent debtors and which represent creditors. 2013 May
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1 Credit sales G. Wood 310; K. Hughes 42; F. Dunn 1,100; M. Lyons 309. 2 Credit purchases from T. Sim 190; J. Leech 63; P. Tidy 210; F. Rock 190. 8 Credit sales to K. Hughes 161; F. Dunn 224. 9 Credit purchases from J. Leech 215; F. Rock 164. 10 Goods returned to us by F. Dunn 31; M. Lyons 82. 12 Cash paid to us by M. Lyons 227. 15 We returned goods to T. Sim 15; F. Rock 21. 19 We received cheques from F. Dunn 750; G. Wood 310. 21 We sold goods on credit to G. Wood 90; K. Hughes 430. 28 We paid by cheque the following: T. Sim 175; F. Rock 100; P. Tidy 180. 31 We returned goods to F. Rock 18.
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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