ggo 0 £419 3Y Bought machinery on crédit from A 3.4A Enter the following transactions in the appropriate accounts: 20X6 1 Started in business with £7,400 cash. 2 Paid £7,000 of the opening cash into the bank. 4 Bought goods on credit E410 from J Watson. 5 Bought a van by cheque £4,920. 7 Bought goods tor cash E362. 10 Sold goods on credit £218 to L Less. 12 Returned goods to J Watson £42. 19 Sold goods for cash £54. 22 Bought fixtures on credit from Firelighters Ltd £820. 24 FHolmes lent us f1,500 paying us the money hy cheque. 29 We paid J Watson his account by cheque £368. 31 We paid Firelighters Ltd by cheque £820. Aug PF
ggo 0 £419 3Y Bought machinery on crédit from A 3.4A Enter the following transactions in the appropriate accounts: 20X6 1 Started in business with £7,400 cash. 2 Paid £7,000 of the opening cash into the bank. 4 Bought goods on credit E410 from J Watson. 5 Bought a van by cheque £4,920. 7 Bought goods tor cash E362. 10 Sold goods on credit £218 to L Less. 12 Returned goods to J Watson £42. 19 Sold goods for cash £54. 22 Bought fixtures on credit from Firelighters Ltd £820. 24 FHolmes lent us f1,500 paying us the money hy cheque. 29 We paid J Watson his account by cheque £368. 31 We paid Firelighters Ltd by cheque £820. Aug PF
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:ggo
0 £419
3Y Bought machinery on crédit from A
3.4A Enter the following transactions in the appropriate accounts:
20X6
1 Started in business with £7,400 cash.
2 Paid £7,000 of the opening cash into the bank.
4 Bought goods on credit E410 from J Watson.
5 Bought a van by cheque £4,920.
7 Bought goods tor cash E362.
10 Sold goods on credit £218 to L Less.
12 Returned goods to J Watson £42.
19 Sold goods for cash £54.
22 Bought fixtures on credit from Firelighters Ltd £820.
24 FHolmes lent us f1,500 paying us the money hy cheque.
29 We paid J Watson his account by cheque £368.
31 We paid Firelighters Ltd by cheque £820.
Aug
PF
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