3.6A Enter the following transactions in the accounts: 20X9 May 1 Started in business with £18,000 in the bank. 2 Bought goods on credit from B Hind £1,455. 3 Bought goods on credit from G Smart £472. 5 Sold goods for cash £210. 6 We returned goods to B Hind £82. 8 Bought goods on credit from G Smart £370. 10 Sold goods on credit to P Syme £483. Sold goods for cash £305. Took £250 of the cash and paid it into the bank. Bought a printer by cheque £620. 21 22 Sold goods on credit to H Buchan £394. 23 P Syme returned goods to us £160. 25 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 12 18 H Buchan returned goods to us £18. 28 We returned goods to G Smart £47. We paid Hind by cheque £1,373. 29 31 Bought machinery on credit from A Cobb £419.

3.6A Enter the following transactions in the accounts: 20X9 May 1 Started in business with £18,000 in the bank. 2 Bought goods on credit from B Hind £1,455. 3 Bought goods on credit from G Smart £472. 5 Sold goods for cash £210. 6 We returned goods to B Hind £82. 8 Bought goods on credit from G Smart £370. 10 Sold goods on credit to P Syme £483. Sold goods for cash £305. Took £250 of the cash and paid it into the bank. Bought a printer by cheque £620. 21 22 Sold goods on credit to H Buchan £394. 23 P Syme returned goods to us £160. 25 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 #1 12 18 H Buchan returned goods to us £18. 28 We returned goods to G Smart £47. We paid Hind by cheque £1,373. 29 31 Bought machinery on credit from A Cobb £419.

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Description: Please Explain Proper Step by Step and Do Not Give Solution In Image Format And Fast Answering Please Thanks In Advance ? 3.6A Enter the following transactions in the accounts:20X9May#EL71##1#7TE#1EE#1#1H21 Started in business with £18,000 in the ban

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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