Enter the following transactions, completing the double entry in the books for the month of August: August

Question:

Enter the following transactions, completing the double entry in the books for the month of August:

August 1 Started in business with \(£ 31,000\) in the bank and \(£ 4,000\) in cash.

2 Purchased goods \(£ 1,160\) on time from A. Cliff.

3 Bought fixtures and fittings \(£ 4,600\) paying by cheque.

5 Sold goods for cash \(£ 600\).

6 Bought goods on time \(£ 1,300\) from S. Bell.

10 Paid rent by cash \(£ 800\).

12 Bought stationery \(£ 180\), paying in cash.

18 Goods returned to A. Cliff \(£ 164\).

21 Received rent of \(£ 480\) by cheque for sublet of corner space.

23 Sold goods on time to R. Coat for \(£ 3,200\).

24 Bought a van paying by cheque \(£ 16,400\).

30 Paid the month's wages by cash \(£ 1,220\).

31 The proprietor took cash for her own personal use \(£ 1,020\).

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: