May 1 Started in business with £18,000 in the bank. may 2 Bought goods on credit from B Hind £1,455. may 3 Bought goods on credit from G Smart £472. may 5 Sold goods for cash £210. may 6 We returned goods to B Hind £82. may 8 Bought goods on credit from G Smart £370. may 10 Sold goods on credit to P Syme £483. may 12 Sold goods for cash £305. == 18 Took £250 of the cash and paid it into the bank. == 21 Bought a printer by cheque £620. == 22 Sold goods on credit to H Buchan £394. == 23 P Syme returned goods to us £160. == 25 H Buchan returned goods to us £18. == 28 We returned goods to G Smart £47. == 29 We paid Hind by cheque £1,373. == 31 Bought machinery on credit from A Cobb £419
May 1 Started in business with £18,000 in the bank. may 2 Bought goods on credit from B Hind £1,455. may 3 Bought goods on credit from G Smart £472. may 5 Sold goods for cash £210. may 6 We returned goods to B Hind £82. may 8 Bought goods on credit from G Smart £370. may 10 Sold goods on credit to P Syme £483. may 12 Sold goods for cash £305. == 18 Took £250 of the cash and paid it into the bank. == 21 Bought a printer by cheque £620. == 22 Sold goods on credit to H Buchan £394. == 23 P Syme returned goods to us £160. == 25 H Buchan returned goods to us £18. == 28 We returned goods to G Smart £47. == 29 We paid Hind by cheque £1,373. == 31 Bought machinery on credit from A Cobb £419
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
May 1 Started in business with £18,000 in the bank.
may 2 Bought goods on credit from B Hind £1,455.
may 3 Bought goods on credit from G Smart £472.
may 5 Sold goods for cash £210.
may 6 We returned goods to B Hind £82.
may 8 Bought goods on credit from G Smart £370.
may 10 Sold goods on credit to P Syme £483.
may 12 Sold goods for cash £305.
== 18 Took £250 of the cash and paid it into the bank.
== 21 Bought a printer by cheque £620.
== 22 Sold goods on credit to H Buchan £394.
== 23 P Syme returned goods to us £160.
== 25 H Buchan returned goods to us £18.
== 28 We returned goods to G Smart £47.
== 29 We paid Hind by cheque £1,373.
== 31 Bought machinery on credit from A Cobb £419.
Transcribed Image Text:Enter the following transactions in the accounts: 20X9
May 1 Started in business with £18,000 in the bank.
==2 Bought goods on credit from B Hind £1,455.
== 3 Bought goods on credit from G Smart £472.
== 5 Sold goods for cash £210.
== 6 We returned goods to B Hind £82.
== 8 Bought goods on credit from G Smart £370.
== 10 Sold goods on credit to P Syme £483.
== 12 Sold goods for cash £305.
== 18 Took £250 of the cash and paid it into the bank.
== 21 Bought a printer by cheque £620.
== 22 Sold goods on credit to H Buchan £394.
== 23 P Syme returned goods to us £160.
== 25 H Buchan returned goods to us £18.
== 28 We returned goods to G Smart £47.
== 29 We paid Hind by cheque £1,373.
== 31 Bought machinery on credit from A Cobb £419.
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