Question: Question 2: (from chapter 3) Enter the following transactions in the T-accounts. Create several separate T-accounts and fill them with numbers. Each person needs their

Question 2: (from chapter 3)
Enter the following transactions in the T-accounts. Create several separate T-accounts and fill them with numbers. Each "person" needs their own T-account.
Date Description Amount ()
October 2021
1 Started in business with money in the bank. 18,250
2 Bought goods on credit from A. Malik. 1,505
3 Bought goods on credit from G. Smarty. 482
5 Sold goods for cash. 220
6 Returned goods to A. Malik. 132
8 Bought goods on credit from G. Smarty. 380
11 Sold goods on credit to P. Syme. 493
14 Sold goods for cash. 355
18 Took cash out of cashbox and paid it into the bank. 270
21 Bought a printer by cheque. 650
22 Sold goods on credit to H. Buchan. 434
23 P. Syme returned goods to us. 180
26 H. Buchan returned goods to us. 28
28 We returned goods to G. Smarty. 77
29 We paid A. Malik by cheque. 1,373
31 Bought machinery on credit from A. Cobb. 439

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