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Complete the following table to show which accounts are to be credited and which account to be debited No Debited Accounts Bought motor van for cash Credited 1. Bought office machinery on credit from Bella Sdn Bhd 2. 3. Introduced capital in cash A debtor, Mia , pays us by cheque 4. 5. Paid general expenses by cash Rent received for premises rental by cheque Sold goods on credit to Peter 6. 7. 8. Repair machine and paid by cash

Complete the following table to show which accounts are to be credited and which account to be debited No Debited Accounts Bought motor van for cash Credited 1. Bought office machinery on credit from Bella Sdn Bhd 2. 3. Introduced capital in cash A debtor, Mia , pays us by cheque 4. 5. Paid general expenses by cash Rent received for premises rental by cheque Sold goods on credit to Peter 6. 7. 8. Repair machine and paid by cash

FINANCIAL ACCOUNTING
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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Complete the following table to show which accounts are to be credited and which account to be debited No Асcounts Bought motor van for cash Debited Credited 1. Bought office machinery on credit from Bella Sdn Bhd 2. 3. Introduced capital in cash A debtor, Mia , pays us by cheque 5. Paid general expenses by cash Rent received for premises rental by cheque Sold goods on credit to Peter 6. 8. Repair machine and paid by cash 9. Took cash out of business for private use Paid salaries by cash 10. Received sales commission by cheque 11. 12. Paid insurance by cash The owner put more investment on the business by cheque Paid Ali (creditor) by cheque 13. 14. 4. 7.
Transcribed Image Text:Complete the following table to show which accounts are to be credited and which account to be debited No Асcounts Bought motor van for cash Debited Credited 1. Bought office machinery on credit from Bella Sdn Bhd 2. 3. Introduced capital in cash A debtor, Mia , pays us by cheque 5. Paid general expenses by cash Rent received for premises rental by cheque Sold goods on credit to Peter 6. 8. Repair machine and paid by cash 9. Took cash out of business for private use Paid salaries by cash 10. Received sales commission by cheque 11. 12. Paid insurance by cash The owner put more investment on the business by cheque Paid Ali (creditor) by cheque 13. 14. 4. 7.
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