Record the following details relating to a carpet retailer for the month of November 20X7 and extract
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Record the following details relating to a carpet retailer for the month of November 20X7 and extract a trial balance as at 30 November 20X7:
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20X7 Nov 11 11 "1 "1 "1 "1 1 Started in business with £15,000 in the bank. 3 Bought goods on credit from: J Small £290; F Brown £1,200; T Rae £610; R Charles £530. 5 Cash sales £610. 6 Paid rent by cheque £175. 7 Paid business rates by cheque £130. 11 Sold goods on credit to: T Potts £85; J Field £48; T Gray £1,640. 17 Paid wages by cash £290. 18 We returned goods to: J Small £18; R Charles £27.
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November 20X7 Transactions Date Description Debit Credit Nov 1 Cash Bank 15000 Nov 3 Purchases 2630 ...View the full answer
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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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