Enter the following transactions in the accounts of L Linda: 20X7 July 1 Started in business with
Question:
Enter the following transactions in the accounts of L Linda: 20X7
July 1 Started in business with £20,000 in the bank.
" 2 R Hughes lent us £5,000 in cash.
" 3 Bought goods on credit from B Brown £1,530 and I Jess £4,162.
" 4 Sold goods for cash £1,910.
6 Took £200 of the cash and paid it into the bank.
8 Sold goods on credit to H Rise £1,374. ,, 10 Sold goods on credit to P Taylor £341.
11 Bought goods on credit from B Brown £488.
12 H Rise returned goods to us £65.
14 Sold goods on credit to G Pate £535 and R Sim £262.
15 We returned goods to B Brown £94.
17 Bought can on credit from Aberdeen Cars Ltd £4,370.
18 Bought office furniture on credit from J Winter Ltd £1,800.
19 We returned goods to I Jess £130.
20 Bought goods for cash £390.
24 Goods sold for cash £110.
25 Paid money owing to B Brown by cheque £1,924.
26 Goods returned to us by G Pate £34.
27 Returned some of office furniture costing £180 to J Winter Ltd.
28 L Linda put a further £2,500 into the business in the form of cash.
29 Paid Aberdeen Cars Ltd £4,370 by cheque. 31 Bought office furniture for cash £365.n
Expert Answer:
Introduction to Statistical Quality Control
ISBN: 978-1118146811
7th edition
Authors: Douglas C Montgomery
