answer in text form please (without image), Note: .Every entry should have narration please 4.2 Write up the following transactions in the books of P. Hewitt:2013March1 Started in business with cash £16,000.Bought goods on credit from W. Young £420.Paid rent by cash £870.2345711Paid £12,500 of the cash of the business into a bank account.Sold goods on credit to D. Unbar £192.Bought stationery £85 paying by cheque.Cash sales £312.14 Goods returned by us to W. Young £54.17 Sold goods on credit to J. Harper £212.20 Paid for repairs to the building by cash £78.22 D. Unbar returned goods to us £31.27 Paid W. Young by cheque £366.28 Cash purchases £470.29 Bought a van paying by cheque £3,850.30 Paid motor expenses in cash £216.31 Bought a computer £730 on credit from B. Coal.

Name: answer in text form please (without image), Note: .Every entry shoul
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Description: answer in text form please (without image), Note: .Every entry should have narration please 4.2 Write up the following transactions in the books of P. Hewitt:2013March1 Started in business with cash £16,000.Bought goods on credit from W. Young £420

In accounting, journal entries are a record of financial transactions that a business has made. Each…

Business

Accounting

Write up the following transactions in the books of P. Hewitt: 1 Started in business with cash £16,000. Bought goods on credit from W. Young £420. Paid rent by cash £870. Paid £12,500 of the cash of the business into a bank account. Sold goods on credit to D. Unbar £192. 2 3 4 5 Bought stationery £85 paying by cheque. 11 Cash sales £312. 7 14 Goods returned by us to W. Young £54. 17 Sold goods on credit to J. Harper £212. 20 Paid for repairs to the building by cash £78. 22 D. Unbar returned goods to us £31. 27 Paid W. Young by cheque £366. 28 Cash purchases £470. 29 Bought a van paying by cheque £3,850. 30 Paid motor expenses in cash £216. 31 Bought a computer £730 on credit from B. Coal.

Write up the following transactions in the books of P. Hewitt: 1 Started in business with cash £16,000. Bought goods on credit from W. Young £420. Paid rent by cash £870. Paid £12,500 of the cash of the business into a bank account. Sold goods on credit to D. Unbar £192. 2 3 4 5 Bought stationery £85 paying by cheque. 11 Cash sales £312. 7 14 Goods returned by us to W. Young £54. 17 Sold goods on credit to J. Harper £212. 20 Paid for repairs to the building by cash £78. 22 D. Unbar returned goods to us £31. 27 Paid W. Young by cheque £366. 28 Cash purchases £470. 29 Bought a van paying by cheque £3,850. 30 Paid motor expenses in cash £216. 31 Bought a computer £730 on credit from B. Coal.

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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