6.7 You are required to open the asset and liability and capital accounts and record the following transactions for June 2017 in the records of Digital Computer Systems. 2017 1 June Started business with $15,000 in the bank. 3 June Bought motor car and paid by cheque, $6,500. 9 June Bought office furniture from Cheetham & Co. $1,150 paid by cheque. 12 June Bought computer equipment on credit from Computext Ltd, $2,400. 17 June Took $200 out of the bank and put it in the cash till. 19 June Bought office chair and paid by cash, $42. Paid Computext Ltd $1,000 by cheque on account. Bought second-hand motor van, $2,450 paid by cheque. 25 June 27 June 29 June Bought desk for reception area and paid cash, $100. 30 June Paid the outstanding account to Computext Ltd by cheque.
6.7 You are required to open the asset and liability and capital accounts and record the following transactions for June 2017 in the records of Digital Computer Systems. 2017 1 June Started business with $15,000 in the bank. 3 June Bought motor car and paid by cheque, $6,500. 9 June Bought office furniture from Cheetham & Co. $1,150 paid by cheque. 12 June Bought computer equipment on credit from Computext Ltd, $2,400. 17 June Took $200 out of the bank and put it in the cash till. 19 June Bought office chair and paid by cash, $42. Paid Computext Ltd $1,000 by cheque on account. Bought second-hand motor van, $2,450 paid by cheque. 25 June 27 June 29 June Bought desk for reception area and paid cash, $100. 30 June Paid the outstanding account to Computext Ltd by cheque.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:6.7 You are required to open the asset and liability and capital accounts and record the
following transactions for June 2017 in the records of Digital Computer Systems.
2017
1 June
Started business with $15,000 in the bank.'
3 June
Bought motor car and paid by cheque, $6,500.
9 June
Bought office furniture from Cheetham & Co. $1,150 paid by cheque.
12 June
Bought computer equipment on credit from Computext Ltd, $2,400.
17 June
Took $200 out of the bank and put it in the cash till.
19 June
Bought office chair and paid by cash, $42.
25 June
Paid Computext Ltd $1,000 by cheque on account.
27 June
Bought second-hand motor van, $2,450 paid by cheque.
29 June
Bought desk for reception area and paid cash, $100.
30 June
Paid the outstanding account to Computext Ltd by cheque.
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