Record the following transactions for the month of December, 2021 for Dell’s Enterprise in their relevant Accounts, Balance off same and Extract a Trial Balance. Started business with $100,000 cash Put $90,000 of the cash into a bank account. Bought goods for $55,000 paying by cheque Bought Goods on credit from S. Henry $80,000; T. Brown $9,500; A. Marks 5,100 Bought stationery on credit from Bartley Ltd. $8,900 Sold goods on credit to S. Song $17,000; L. Fatt $24,000; M. Sing 32,600. Paid rent by cheque $22,000 10. Bought Fixtures on credit from Marks Furnishing $61,000 11. Paid salaries by cash $7,200 14. Returned goods to S. Henry $1,200 15. Bought van by cheque $106,500 16. Received loan into bank account from NST $75,000 18. Goods returned to us by S. Song $1,500; L. Fatt $2,500 21. Cash Sales $30,000 24. Owner took Cash of $5,500 for his personal use. 29. Received cheque from S, Song for full settlement of his accounting 30. Received cash $20.000 from M. Sing.
Record the following transactions for the month of December, 2021 for Dell’s Enterprise in their relevant Accounts, Balance off same and Extract a Trial Balance. Started business with $100,000 cash Put $90,000 of the cash into a bank account. Bought goods for $55,000 paying by cheque Bought Goods on credit from S. Henry $80,000; T. Brown $9,500; A. Marks 5,100 Bought stationery on credit from Bartley Ltd. $8,900 Sold goods on credit to S. Song $17,000; L. Fatt $24,000; M. Sing 32,600. Paid rent by cheque $22,000 10. Bought Fixtures on credit from Marks Furnishing $61,000 11. Paid salaries by cash $7,200 14. Returned goods to S. Henry $1,200 15. Bought van by cheque $106,500 16. Received loan into bank account from NST $75,000 18. Goods returned to us by S. Song $1,500; L. Fatt $2,500 21. Cash Sales $30,000 24. Owner took Cash of $5,500 for his personal use. 29. Received cheque from S, Song for full settlement of his accounting 30. Received cash $20.000 from M. Sing.
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter24: Recording International And Internet Sales
Section: Chapter Questions
Problem 1MP
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Record the following transactions for the month of December, 2021 for Dell’s Enterprise in their relevant Accounts, Balance off same and Extract a
- Started business with $100,000 cash
- Put $90,000 of the cash into a bank account.
- Bought goods for $55,000 paying by cheque
- Bought Goods on credit from S. Henry $80,000; T. Brown $9,500; A. Marks 5,100
- Bought stationery on credit from Bartley Ltd. $8,900
- Sold goods on credit to S. Song $17,000; L. Fatt $24,000; M. Sing 32,600.
- Paid rent by cheque $22,000
10. Bought Fixtures on credit from Marks Furnishing $61,000
11. Paid salaries by cash $7,200
14. Returned goods to S. Henry $1,200
15. Bought van by cheque $106,500
16. Received loan into bank account from NST $75,000
18. Goods returned to us by S. Song $1,500; L. Fatt $2,500
21. Cash Sales $30,000
24. Owner took Cash of $5,500 for his personal use.
29. Received cheque from S, Song for full settlement of his accounting
30. Received cash $20.000 from M. Sing.
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