Question: can u do an explanation step by step how to do it 1.Write up the accounts to record the following transactions 2020 March 1 Started
can u do an explanation step by step how to do it1.Write up the accounts to record the following transactions 2020 March 1 Started business with $75,000 in the bank and Motor car valued at $12,000 2. Received a loan of $155,000 from Union Bank 3. Bought a machine for $2,600 paying by cheque 5. Bought a display furniture on credit from Elizabeth Ltd $4,000 15. Repaid part of Union Bank's loan, $3,000 16. Paid salary $1,250 by check 16. bought more furniture $2,500 cash 17. paid amount owing to Elizabeth Ltd $4,000 by cheque 24. Repaid part of the loan of Union Bank $10,000 by check 31. Bought a printer on credit from TJB for $500 2. Open the asset and liability and equity accounts and record the following transaction in the records of Sanchez 2020 June 1. Started business with $20,000 in bank 2 Bought office furniture on credit from Dreams for $1,900 2. Bought a van paying by check $5,000 3. Bought supplies on credit from Clintons $3,000 4. Returned faulty office furniture costing $ 300 to Dreams 5. Paid Salaries by cheque $1,000 6. Bought equipment from Morgan on credit $6,400 7. Sold some of the equipment for $ 500 8. Took $300 out of the bank and added to cash 9. Ms Brown lent us $13,300, giving the money by cheque 1.Write up the accounts to record the following transactions 2020 March 1 Started business with $75,000 in the bank and Motor car valued at $12,000 2. Received a loan of $155,000 from Union Bank 3. Bought a machine for $2,600 paying by cheque 5. Bought a display furniture on credit from Elizabeth Ltd $4,000 15. Repaid part of Union Bank's loan, $3,000 16. Paid salary $1,250 by check 16. bought more furniture $2,500 cash 17. paid amount owing to Elizabeth Ltd $4,000 by cheque 24. Repaid part of the loan of Union Bank $10,000 by check 31. Bought a printer on credit from TJB for $500 2. Open the asset and liability and equity accounts and record the following transaction in the records of Sanchez 2020 June 1. Started business with $20,000 in bank 2 Bought office furniture on credit from Dreams for $1,900 2. Bought a van paying by check $5,000 3. Bought supplies on credit from Clintons $3,000 4. Returned faulty office furniture costing $ 300 to Dreams 5. Paid Salaries by cheque $1,000 6. Bought equipment from Morgan on credit $6,400 7. Sold some of the equipment for $ 500 8. Took $300 out of the bank and added to cash 9. Ms Brown lent us $13,300, giving the money by cheque
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