Prepare journal and ledger account 1- Jan Started business with $ 2,000 in the bank 3- Jan

Prepare journal and ledger account

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1- Jan Started business with $ 2,000 in the bank 3- Jan Bought fixtures and fittings $ 150 paying by cheque. as 2- Jan Purchased goods $ 175 on credit from M Mills 5- Jan Sold goods for cash $ 275. 6- Jan Bought goods on credit $ 144 from S Watts. lime 10- Jan Paid rent by cash $ 15 12- Jan Bought stationery $ 27 paying by cash. 18- Jan Goods returned to M Mills $ 23 21- Jan Let off part of the premises receiving rent by cheque $ 5 23- Jan Sold goods on credit to Henry for $ 77 24- Jan Bought Motor van paying by cheque $ 500 30- Jan Paid wages by cash $ 117 31- Jan The proprietor took cash for himself $ 44. 1- Jan Started business with $ 2,000 in the bank 3- Jan Bought fixtures and fittings $ 150 paying by cheque. as 2- Jan Purchased goods $ 175 on credit from M Mills 5- Jan Sold goods for cash $ 275. 6- Jan Bought goods on credit $ 144 from S Watts. lime 10- Jan Paid rent by cash $ 15 12- Jan Bought stationery $ 27 paying by cash. 18- Jan Goods returned to M Mills $ 23 21- Jan Let off part of the premises receiving rent by cheque $ 5 23- Jan Sold goods on credit to Henry for $ 77 24- Jan Bought Motor van paying by cheque $ 500 30- Jan Paid wages by cash $ 117 31- Jan The proprietor took cash for himself $ 44.

Answer rating: 100% (QA)

DATE ACCOUNT TITLE DEBIT CREDIT JAN 1 BANK AC 2000 CAPITAL AC 2000 JAN 2 PURCHASES AC 175 M MILLS AC 175 JAN 3 FIXTURE FITTINGS 150 BANK AC 150 JAN 5 ... View the full answer