Kindly review my answer agaisnt the question attached on General ledger T Accounts and please let me know if any corrections are to be done Office Fixtures01-Aug-21 Capital05-Aug-21 Bank05-Aug-21 Accounts Payable15-Aug-21 Cash28-Aug-21 Bank1200 31-Aug-21 Ending Balance54601000240011075054605460Van01-Aug-21 Capital04-Aug-21 Bank08-Aug-21 Accounts Payable32000 31-Aug-21 Ending Balance46900620087004690046900Bank01-Aug-21 Capital02-Aug-21 Loan Payable25-Aug-21 Cash36800 03-Aug-21 Cash12400 04-Aug-21 Van430 05-Aug-21Office Fixtures19-Aug-21 Accounts Payable28-Aug-21 Office Fixtures31-Aug-21 Ending Balance2800620010008700750301804963049630Loan Payable31-Aug-21 Ending Balance12400 02-Aug-21 Bank124001240012400Cash03-Aug-21 Bank2800 15-Aug-21 Office Fixtures11025-Aug-21 Bank31-Aug-21 Ending Balance430226028002800Accounts Payable19-Aug-21 Bank31-Aug-21 Ending Balance8700 05-Aug-21office Fixtures2400 08-Aug-21 Van240087001110011100 On 1 August 2021, the owners of the ABC Enterprise, Maurice & brothers, decided that they willboldly go and keep their records on a double entry system. Their assets and liabilities at that datewere. Their assets and liabilities at that date were: office fixtures £1200, a van £32,000 and £36,800in the bank account. They have no liabilities at the 1" of August 2021Their transactions during August 2021 were as follows:2021August2Maurice & brothers received a loan of £12,400 from Santander Bank and they deposited intheir bank account.3The amount of £2800 was transferred from bank Account to Cash in hand account.4Bought a second-hand Van paying by cheque £6,2005Bought office fixtures £3400 from Sharp Office Ltd. They paid £1000 by issuing a chequeand rest of the fixtures value would remain as credit.8Bought a new van on credit from Toyota Co. £8,70015Bought office fixtures paying by cash £11019Paid Toyota Co. a cheque for whole amount of debt25Paid £430 of the cash in hand into the bank account28Bought new office fixtures paying via bank account £750Required:a.Record the transactions in the general ledger (T Accounts) of Maurice & brothers

Journal means the book of prime entry where all entries are recorded in different pages. Ledger…

Answered: Kindly review my answer agaisnt the…

Kindly review my answer agaisnt the question attached on General ledger T Accounts and please let me know if any corrections are to be done

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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