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Question (1¹) On 31 December Year 4, T Lemon had the following account balance: Motor vehicle Purchases Sales Stock of goods Cash at bank Fixtures & fitting Wages -Receivables Payables Rents Drawings General expenses "Loan from D Waller ✔ Capital Prepare the Trial balance of T Lennon at 31 December Year 4. - $ 4,500 2,960 4,230 1,800 6,740 7,900 2,310 1,960 2,600 1,250 180 930 2,000 21,700

Question (1¹) On 31 December Year 4, T Lemon had the following account balance: Motor vehicle Purchases Sales Stock of goods Cash at bank Fixtures & fitting Wages -Receivables Payables Rents Drawings General expenses "Loan from D Waller ✔ Capital Prepare the Trial balance of T Lennon at 31 December Year 4. - $ 4,500 2,960 4,230 1,800 6,740 7,900 2,310 1,960 2,600 1,250 180 930 2,000 21,700

FINANCIAL ACCOUNTING
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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Question (1) be/d On 31 December Year 4, T Lemon had the following account balance: Motor vehicle Purchases Sales Stock of goods Cash at bank Fixtures & fitting Wages Receivables Payables✔ Rents Drawings General expenses 'Loan from D Waller ✔ Capital Prepare the Trial balance of T Lennon at 31 December Year 4. - $ 4,500 2,960 4,230 1,800 6,740 7,900 2,310 1,960 2,600 1,250 180 930 2,000 21,700
Transcribed Image Text:Question (1) be/d On 31 December Year 4, T Lemon had the following account balance: Motor vehicle Purchases Sales Stock of goods Cash at bank Fixtures & fitting Wages Receivables Payables✔ Rents Drawings General expenses 'Loan from D Waller ✔ Capital Prepare the Trial balance of T Lennon at 31 December Year 4. - $ 4,500 2,960 4,230 1,800 6,740 7,900 2,310 1,960 2,600 1,250 180 930 2,000 21,700
Question (3) Prepared ledger account for following transaction: 1- Jan Started business with $2,000 in the bank 2- Jan Purchased goods $ 175 on credit from M Mills 3- Jan Bought fixtures and fittings $150 paying by cheque. 5-Jan Sold goods for cash $ 275. 6- Jan Bought goods on credit $144 from S Watts. 10- Jan Paid rent by cash $ 15 12-Jan Bought stationery $27 paying by cash. 18- Jan Goods returned to M Mills $ 23 21-Jan Let off part of the premises receiving rent by cheque $ 5 23-Jan Sold goods on credit to Henry for $ 77 24-Jan Bought Motor van paying by cheque $ 500 30-Jan Paid wages by cash $ 117 31-Jan The proprietor took cash for himself $ 44.
Transcribed Image Text:Question (3) Prepared ledger account for following transaction: 1- Jan Started business with $2,000 in the bank 2- Jan Purchased goods $ 175 on credit from M Mills 3- Jan Bought fixtures and fittings $150 paying by cheque. 5-Jan Sold goods for cash $ 275. 6- Jan Bought goods on credit $144 from S Watts. 10- Jan Paid rent by cash $ 15 12-Jan Bought stationery $27 paying by cash. 18- Jan Goods returned to M Mills $ 23 21-Jan Let off part of the premises receiving rent by cheque $ 5 23-Jan Sold goods on credit to Henry for $ 77 24-Jan Bought Motor van paying by cheque $ 500 30-Jan Paid wages by cash $ 117 31-Jan The proprietor took cash for himself $ 44.
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