Question (5)You are required to enter the following transactionsin the books of Mo Ryan:1-Aug Started in business with $7,000 in the bank s2- Aug Paid rent by cheque $ 280.5-Aug Purchased goods on credit $ 520 from R Lester8-Aug Bought Fixtures and fitting by cheque $ 17012- Aug Returned goods to R Lester $ 45.15- Aug Sold goods on credit to D Langford $ 265.19- Aug Mo Ryan withdraw from bank for private use $ 16022-Aug D Langford returned goods $ 30.24-Aug Drew from bank for office cash $ 240.26- Aug Paid R Lester by cheque the amount owing28-Aug Received cheques $ 100 on account from D Langford30-Aug Paid wages in cash $ 16031-Aug Bought office equipment by cheque $ 215

Name: Question (5)You are required to enter the following transactionsin th
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Description: Question (5)You are required to enter the following transactionsin the books of Mo Ryan:1-Aug Started in business with $7,000 in the bank s2- Aug Paid rent by cheque $ 280.5-Aug Purchased goods on credit $ 520 from R Lester8-Aug Bought Fixtures and

The journal entries are prepared to keep the record of day to day transactions of the business on…

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ou are required to enter the following transactic n the books of Mo Ryan: - Aug Started in business with $7,000 in the bank 2-Aug Paid rent by cheque $ 280. - Aug Purchased goods on credit $ 520 from R Lester - Aug Bought Fixtures and fitting by cheque $ 170 2- Aug Returned goods to R Lester $ 45. 5- Aug Sold goods on credit to D Langford $ 265. 9- Aug Mo Ryan withdraw from bank for private use $ 160 22-Aug D Langford returned goods $ 30. 24-Aug Drew from bank for office cash $ 240. 26- Aug Paid R Lester by cheque the amount owing 28- Aug Received cheques $ 100 on account from D Langford 30-Aug Paid wages in cash $ 160 1- Aug Bought office equipment by cheque $ 215 Cass

ou are required to enter the following transactic n the books of Mo Ryan: - Aug Started in business with $7,000 in the bank 2-Aug Paid rent by cheque $ 280. - Aug Purchased goods on credit $ 520 from R Lester - Aug Bought Fixtures and fitting by cheque $ 170 2- Aug Returned goods to R Lester $ 45. 5- Aug Sold goods on credit to D Langford $ 265. 9- Aug Mo Ryan withdraw from bank for private use $ 160 22-Aug D Langford returned goods $ 30. 24-Aug Drew from bank for office cash $ 240. 26- Aug Paid R Lester by cheque the amount owing 28- Aug Received cheques $ 100 on account from D Langford 30-Aug Paid wages in cash $ 160 1- Aug Bought office equipment by cheque $ 215 Cass

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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