3. Write up the following transactions in the books of L. Thompson 2008 Mar I Mar 2 Started business with cash $1,500. Bought goods on eredit from A. Chang $296. Paid rent by cash $28 Mar 3 Paid S1000 of the cash of the firm into a bank account. Sold goods on credit to E. Linton $54. Bought stationery S15 paying by cheque. Cash sales $49. Goods returned by us to A. Chang S17. Sold goods on credit to S. Morgan $29. Paid for repairs to the building by cash S18. E. Linton returned goods to us $14. Paid Chang by cheque $279. Cash purchases S125. Bought a motor van paying by cheque $395. Paid motor expenses in cash S15. Bought fixtures S1 20 on credit from A. Webster. Mar 4 Mar 5 Mar 7 Mar II Mar 14 Mar 17 Mar 20 Mar 22 Mar 27 Mar 28 Mar 29 Mar 30 Mar 31

3. Write up the following transactions in the books of L. Thompson 2008 Mar I Mar 2 Started business with cash $1,500. Bought goods on eredit from A. Chang $296. Paid rent by cash $28 Mar 3 Paid S1000 of the cash of the firm into a bank account. Sold goods on credit to E. Linton $54. Bought stationery S15 paying by cheque. Cash sales $49. Goods returned by us to A. Chang S17. Sold goods on credit to S. Morgan $29. Paid for repairs to the building by cash S18. E. Linton returned goods to us $14. Paid Chang by cheque $279. Cash purchases S125. Bought a motor van paying by cheque $395. Paid motor expenses in cash S15. Bought fixtures S1 20 on credit from A. Webster. Mar 4 Mar 5 Mar 7 Mar II Mar 14 Mar 17 Mar 20 Mar 22 Mar 27 Mar 28 Mar 29 Mar 30 Mar 31

Name: 3.Write up the following transactions in the books of L. Thompson2008
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: 3.Write up the following transactions in the books of L. Thompson2008Mar IMar 2Мar 3Started business with cash $1,500.Bought goods on credit from A. Chang $296.Paid rent by cash $28Paid S1000 of the cash of the firm into a bank account.Sold goods on

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

please help me
Q16 ,n
QUESTION TWO Enter the following transactions in the accounts of R.Sampa,balance off the accounts and extract the Trial Balance: 2022 Nov 1 Started in business with K15,000 in the bank. 3 Bought goods on credit from: J Small K290; F Brown K1,200; T Rae K610; R Charles K530. 5 Cash sales K610. == 6 Paid rent by cheque K175. 7 Paid business rates by cheque K130. 11 Sold goods on credit to: T Potts K85; J Field K48; T Gray K1,640. == == 17 Paid wages by cash K290. 18 We returned goods to: J Small K18; R Charles K27 19 Bought goods on credit from: R Charles K110; T Rae K320; F Jack K165. == == 20 Goods were returned to us by: J Field K6; T Potts K14. 21 Bought van on credit from Turnkey Motors K4,950. 23 We paid the following by cheque: J Small K272; F Brown K1,200; T Rae K500. == == 25 Bought another van, paying by cheque immediately K6,200. 26 Received a loan of K750 cash from B. Bennet. 28 Received cheques from: T Potts K71; J Field K42. 30 Proprietor brings a further K900 into the…
Enter the following transaction in the ledger accounts and balance them October 2020: 1 Started in business with Ksh. 75,000 cash. 3 Bought goods for cash Ksh. 11,000. 7 Bought goods on credit Ksh. 32,000 from F Herd. 10 Sold goods for cash Ksh. 6,400. 14 Returned goods to F Herd Ksh. 4,600. 18 Bought goods on credit Ksh. 41,400 from D Exodus. 21 Returned goods to D Exodus Ksh. 3,100. 24 Sold goods to B Squire Ksh. 8,200 on credit. 25 Paid F Herd’s account by cash Ksh. 27,400. 31 B Squire paid us his account in cash Ksh. Ksh. 8,200.
13 - Which of the following transactions does the above journal entry belong to? a) Goods purchase record from vendors with debit note B) Goods purchase record on credit NS) Goods purchase record from the seller with a bank loan D) Record of purchase of goods on credit from vendors TO) Purchase registration with credit card
Mr. Zubair sold Merchandise inventory worth OMR 50,000 for cash. Which books of prime entry will record the transaction? a. Purchase journal b. Cash disbursement journal c. Cash receipt journal d. Sales journal
Bill started business with cash 370,000 on 01-03-2021. ii. Purchased goods on account from Alex worth 30000 on 02- 01-2021. iii. Sold goods to Stewart for 44000 on 03-01-2021. iv. Purchased computer for office use for 100000 on 04- 01-2021. v. Stewart returned the goods worth 4000 on 05-01-2021. vi. Opened a bank account by depositing the cash 110000 on 14-01-2021. vii. 35000 received from Stewart after full settlement. viii. 28000 was paid to Mr. Alex for purchased goods on 18-01-2021. Prepare journal.
B. Directions: Record the following transactions of Sandalan Furnitures in the cash receipts journal and cash disbursement journal. Write the answer on a journal and columnar sheet.