Enter the following transactions of Mr. Orchid antiques shop in the accounts and extract a Trial Balances
Question:
Enter the following transactions of Mr. Orchid antiques shop in the accounts and extract a Trial Balances at 31 March 2018.
March1 Started in Business with $30,000 in the bank
2. Bought good on time from Frank $550, G. Byers $540, P. Lee $610
5. Cash sales $510
6. Paid wages in cash $110
7. Sold goods on time to: J Snow $295, K Park $360, B. Tyler $640
9. Bought goods for cash $120
10. Bought goods on time from: G.Byers $410, P.Lee $1240
12. Paid wages in cash $110
13. Sold goods on time to Park $610, B.Tyler $205
15. Bought Shop Fixtures on time from Stop Ltd. $740
17. Paid G. Byers by Cheque $700
18. We return goods to P.Lee $83
21. Paid Stop Ltd. A cheque for $740
24. B. Tyler paid us his account by cheque $845
27. We returned good to L. Frank $18
30. G. Prince lent us $1000 by Cash
31. Bought a Motor Van paying by cheque $6,250
Expert Answer:
a Amount RM Transaction Capital Bank Stock Accounts Payable Cash Sales Wages Accounts Receivables Fu... View the full answer
