Smiley started up a small business on 1 August 1 9 X 2 . During the month
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Question:
Smiley started up a small business on August X During the month of August, the following transactions took place:
August Introduced of his own cash as capital and borrowed from Guillam. The funds were all put into a business bank account.
August Signed a threeyear lease for office premises with an annual rental of Paid five month rent to the end of X
August Employed an assistant, Fawn, at the agreed salary of per month to be paid at the end of each month.
August Bought goods for cash at from Mendel.
August Bought goods on credit from Esterhase and Haydon for and respectively.
August Bought office equipment for cash.
August Made cash sales to Westerby of
August Made sales on credit to Lacon for
August Bought a car from Enderby for an agreed price of Paid him as a deposit.
August Made drawings for personal expenses of
August Made cash sales to Prideaux for
August Paid Fawn his salary for the month of August.
August Received on account from Lacon.
August Paid to Esterhase and to Haydon.
August Paid motor expenses of
August Paid sundry expenses of
Show by means of a ledger account how you would record these transactions?
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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