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The requirement is a T-shaped account format

The requirement is a T-shaped account format

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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The requirement is a T-shaped account format

✓ 3.6A 2020 May 54 Enter the following transactions in the accounts: 1 Started in business with £18,000 in the bank. Bought goods on time from B. Hind £1,455. 2 3 Bought goods on time from G. Smart £472. Sold goods for cash £210. We returned goods to B. Hind £82. Bought goods on time from G. Smart £370. IN ❤ ~ ~ ~ ~ 2 23 5 6 8 10 12 18 21 22 23 25 28 29 31 Sold goods on time to P. Syme £483. Sold goods for cash £305. Took £250 of the cash and paid it into the bank. Bought a printer by cheque £620. Sold goods on time to H. Buchan £394. P. Syme returned goods to us £160. H. Buchan returned goods to us £18. We returned goods to G. Smart £47. We paid B. Hind by cheque £1,373. Bought machinery on time from A. Cobb £419.
Transcribed Image Text:✓ 3.6A 2020 May 54 Enter the following transactions in the accounts: 1 Started in business with £18,000 in the bank. Bought goods on time from B. Hind £1,455. 2 3 Bought goods on time from G. Smart £472. Sold goods for cash £210. We returned goods to B. Hind £82. Bought goods on time from G. Smart £370. IN ❤ ~ ~ ~ ~ 2 23 5 6 8 10 12 18 21 22 23 25 28 29 31 Sold goods on time to P. Syme £483. Sold goods for cash £305. Took £250 of the cash and paid it into the bank. Bought a printer by cheque £620. Sold goods on time to H. Buchan £394. P. Syme returned goods to us £160. H. Buchan returned goods to us £18. We returned goods to G. Smart £47. We paid B. Hind by cheque £1,373. Bought machinery on time from A. Cobb £419.
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