Construct the double-entry accounts of Helen Clews from the following transactions and balance off each account at
Question:
Construct the double-entry accounts of Helen Clews from the following transactions and
balance off each account at the end of the month.
Transcribed Image Text:
2010 1 November Clews opens a business bank account with 8,500 of her own money. 3 November Machinery is bought for 1,500, payment made by cheque. 4 November Machinery insurance of 95 is paid by cheque. 7 November Purchases on credit are made as follows: 65 from M Hodge, and 21 from B Bolder. 10 November A vehicle is bought for 4,300 on credit from Mark Sterland. 14 November Sales on credit are made of 272 to M Smith. 16 November Goods worth 34 are returned to Hodge. 18 November Smith sends Clews a cheque for the full amount. 21 November Clews pays Bolder 21 by cheque. 24 November Sales are made for 180 on credit to T Curran.
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2010 Nov 30 Balance cd 2010 Nov 3 Bank Dec 1 Balance bd 2010 Nov 1 Capital Nov 18 M Smith Dec 1 Bala...View the full answer
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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