Question: Make double entries for this question ! 3. You are to enter up the necessary accounts for the month of October from the following information
3. You are to enter up the necessary accounts for the month of October from the following information relating to a small grocery store in North York. Then balance off the accounts and extract a trial balance as at 31 October 2020. 2020 Oct 1 Started in business with capital in cash of $2,800 and $2,200 in the bank. Bought goods on credit from the following persons: J Ward $610; P Green $214; Oct 2 M Taylor $174; S Gemmill $345; P Tone $542. Oct 4 Sold goods on credit to: J Sharpe $340; G Boycott $720; F Titmus $1,152. Oct 6 Paid rent by cash $180. Oct 9 J Sharpe paid us his account by cheque $340. Oct 10 F Titmus paid us $1,152 by cheque. Oct 12 We paid the following by cheque: M Taylor $174; J Ward $610. Oct 15 Paid carriage by cash $380. Oct 18 Bought goods on credit from P Green $291; S Gemmill $940. Oct 21 Sold goods on credit to G Boycott 810. Oct 31 Paid rent by cheque $230
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