Enter the transactions on the worksheet format provided below. January 2          Invested in a new business $ 100000 cash, $25000 in the bank. 6          Bought a vehicle on credit $12000 10        Bought office supplies for $4000 cash. 14        Sold goods for cash to clients $10000. 13        Bought stores supplies on credit $1200 15        Provided sales on credit to Susan $15000. 18        Paid utilities $14500. 20        Paid 12 months insurance in advance $4800. 21        Paid for stores supplies bought on 13th to take advantage of a $100 discount. 24        Purchases on credit by Saturn Co. $2000. 30        Received $14500 as full settlement from Susan.     Assets Liabilities Equity Date Bank Cash Debtors Office supplies Vehicle Prepaid insurance Stores supplies Creditors Other payables Equity

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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  1. Enter the transactions on the worksheet format provided below.

January

2          Invested in a new business $ 100000 cash, $25000 in the bank.

6          Bought a vehicle on credit $12000

10        Bought office supplies for $4000 cash.

14        Sold goods for cash to clients $10000.

13        Bought stores supplies on credit $1200

15        Provided sales on credit to Susan $15000.

18        Paid utilities $14500.

20        Paid 12 months insurance in advance $4800.

21        Paid for stores supplies bought on 13th to take advantage of a $100 discount.

24        Purchases on credit by Saturn Co. $2000.

30        Received $14500 as full settlement from Susan.

 

 

Assets

Liabilities

Equity

Date

Bank

Cash

Debtors

Office supplies

Vehicle

Prepaid insurance

Stores supplies

Creditors

Other payables

Equity

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