The following transactions are to be entered up in the ledger for June. Balance off all...
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The following transactions are to be entered up in the ledger for June. Balance off all accounts and extract a trial balance as at 30 June 2008. 2008 June 1 Started business with $6,000 in the bank and $500 cash in hand. June 2 Bought $2,500 goods on credit from C. Jones. June 3 Credit sales: H. Henry, $660; N. Neita, $250; P Pitter, $43. June 4 Goods bought for cash, $230. June 5 Bought motor van paying by cheque, $2,560. June 7 Paid motor expenses by cheque, $72. June 9 Credit sales: B. Barnes, $240; K. Lyn, $260; M. Moore, $650. June 11 Goods bought on credit: C. Jones, $240, N. Moss, $62; O. Hue, $460. June 13 Goods returned by us to C. Jones, $25. Paid motor expenses by cash, $50. Goods returned to us by N. Neita, $110. Cash taken for own use (drawings), $100. Paid the following by cheque: N. Moss, $62; O. Hue, $460. June 15 June 19 June 20 June 21 June 23 June 25 June 26 June 27 June 28 June 29 June 30 H. Henry paid us in cash, $660. P Pitter paid us by cheque, $43. Cash sales, $340. Cash taken for own use, $124. Goods returned by us to C. Jones, $42. Paid for postage stamps by cash, $24. Credit sales: N. Nieta, $143; M. Edgar, $67; K. Lyn, $245. The following transactions are to be entered up in the ledger for June. Balance off all accounts and extract a trial balance as at 30 June 2008. 2008 June 1 Started business with $6,000 in the bank and $500 cash in hand. June 2 Bought $2,500 goods on credit from C. Jones. June 3 Credit sales: H. Henry, $660; N. Neita, $250; P Pitter, $43. June 4 Goods bought for cash, $230. June 5 Bought motor van paying by cheque, $2,560. June 7 Paid motor expenses by cheque, $72. June 9 Credit sales: B. Barnes, $240; K. Lyn, $260; M. Moore, $650. June 11 Goods bought on credit: C. Jones, $240, N. Moss, $62; O. Hue, $460. June 13 Goods returned by us to C. Jones, $25. Paid motor expenses by cash, $50. Goods returned to us by N. Neita, $110. Cash taken for own use (drawings), $100. Paid the following by cheque: N. Moss, $62; O. Hue, $460. June 15 June 19 June 20 June 21 June 23 June 25 June 26 June 27 June 28 June 29 June 30 H. Henry paid us in cash, $660. P Pitter paid us by cheque, $43. Cash sales, $340. Cash taken for own use, $124. Goods returned by us to C. Jones, $42. Paid for postage stamps by cash, $24. Credit sales: N. Nieta, $143; M. Edgar, $67; K. Lyn, $245.
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2008 June 1 Capital Cash in Hand 500 Capital Bank 6000 To Opening Balance 6000 June 2 Creditors C Jo... View the full answer
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
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