Enter the following transactions in the accounts of L Linda: 20X7 July == == == == == == == == == == == == == == == == == == == == == 1 Started in business with £20,000 in the bank. 2 R Hughes lent us £5,000 in cash. 3 Bought goods on credit from B Brown £1,530 and I Jess £4,162. 4 Sold goods for cash £1,910. 6 Took £200 of the cash and paid it into the bank. 8 Sold goods on credit to H Rise £1,374. 10 Sold goods on credit to P Taylor £341. 11 Bought goods on credit from B Brown £488. 12 H Rise returned goods to us £65. 14 Sold goods on credit to G Pate £535 and R Sim £262. 15 We returned goods to B Brown £94. 17 Bought van on credit from Aberdeen Cars Ltd £4,370. 18 Bought office furniture on credit from J Winter Ltd £1,800. 19 We returned goods to I Jess £130. 20 Bought goods for cash £390. 24 Goods sold for cash £110. 25 Paid money owing to B Brown by cheque £1,924. 26 Goods returned to us by G Pate £34. 27 Returned some of office furniture costing £180 to J Winter Ltd. 28 L Linda put a further £2,500 into the business in the form of cash. 29 Paid Aberdeen Cars Ltd £4,370 by cheque. 31 Bought office furniture for cash £365.
Enter the following transactions in the accounts of L Linda: 20X7 July == == == == == == == == == == == == == == == == == == == == == 1 Started in business with £20,000 in the bank. 2 R Hughes lent us £5,000 in cash. 3 Bought goods on credit from B Brown £1,530 and I Jess £4,162. 4 Sold goods for cash £1,910. 6 Took £200 of the cash and paid it into the bank. 8 Sold goods on credit to H Rise £1,374. 10 Sold goods on credit to P Taylor £341. 11 Bought goods on credit from B Brown £488. 12 H Rise returned goods to us £65. 14 Sold goods on credit to G Pate £535 and R Sim £262. 15 We returned goods to B Brown £94. 17 Bought van on credit from Aberdeen Cars Ltd £4,370. 18 Bought office furniture on credit from J Winter Ltd £1,800. 19 We returned goods to I Jess £130. 20 Bought goods for cash £390. 24 Goods sold for cash £110. 25 Paid money owing to B Brown by cheque £1,924. 26 Goods returned to us by G Pate £34. 27 Returned some of office furniture costing £180 to J Winter Ltd. 28 L Linda put a further £2,500 into the business in the form of cash. 29 Paid Aberdeen Cars Ltd £4,370 by cheque. 31 Bought office furniture for cash £365.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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| Enter the following transactions in the accounts of L Linda: | |
| 20X7 July == == == == == == == == == == == == == == == == == == == == == |
1 Started in business with £20,000 in the bank. 2 R Hughes lent us £5,000 in cash. 3 Bought goods on credit from B Brown £1,530 and I Jess £4,162. 4 Sold goods for cash £1,910. 6 Took £200 of the cash and paid it into the bank. 8 Sold goods on credit to H Rise £1,374. 10 Sold goods on credit to P Taylor £341. 11 Bought goods on credit from B Brown £488. 12 H Rise returned goods to us £65. 14 Sold goods on credit to G Pate £535 and R Sim £262. 15 We returned goods to B Brown £94. 17 Bought van on credit from Aberdeen Cars Ltd £4,370. 18 Bought office furniture on credit from J Winter Ltd £1,800. 19 We returned goods to I Jess £130. 20 Bought goods for cash £390. 24 Goods sold for cash £110. 25 Paid money owing to B Brown by cheque £1,924. 26 Goods returned to us by G Pate £34. 27 Returned some of office furniture costing £180 to J Winter Ltd. 28 L Linda put a further £2,500 into the business in the form of cash. 29 Paid Aberdeen Cars Ltd £4,370 by cheque. 31 Bought office furniture for cash £365. |
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