3) The busimess rolif ionec of the cham for 4,200 anale Ch. zequ 8f The buancs bought in vali for \$2, 300 vent of foqur F) The bumes bouth inore chain for 5400 , on wedit from Cluns The bumess baughe chaint for 5600 om sutil ficam William The business sold some chains for \$750, on eredit to Eudwiat The busincss sold sumc chairs an cectit for 5700 in Androw Rent for the itionth was paid of \( \$ 300 \) 13 Paid three quarter of the mmant due to C7ris 195 Rcceived \( \$ 1,000 \) from Nint it rerpent of the jmonnt owing by for Z. Chims were purchased an cacdit frum. Willam for \( \$ 1.000 \), and on credit from Berthat for 51,600 212. Chairs were sold for \( \$ 1,350 \) on credtis to Toay 24) Chains were sold to Geprge for \( \$ 2,100 \) on credit 7 The business paid wiges of \( \$ 400 \) to the shop assistant 8) Partie withdrew 5700 eash from the busmess bank aecount, for hersclf. (there was no closing inventory) You are required to (1) Write up the books of Prime Entry for the month (ii) Write up the relevant accounts in the Receivables and Payables Ledgers (iii) Post the totals from the Books of Prime Entry to the relevant accounts in the Nominal Ledger (iv) Prepare a Trial Balance at the end of the month.
Added by Abubakarr T.
Close
Step 1
zequ | $4,200 | X 8 | Cluns | $2,300 | X 9 | William | $600 | X 12 | William | $1,000 | X 12 | Berthat | $1,600 | X ------------------------------------ - Cash Payments Journal: Date | Supplier | Show more…
Show all steps
Your feedback will help us improve your experience
Adi S and 58 other Intro Stats / AP Statistics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Enter the following transactions in the appropriate accounts: 20X6 Aug 1 Started in business with £7,400 cash. 2 Paid £7,000 of the opening cash into the bank. 4 Bought goods on credit £410 from J Watson. 5 Bought a van by cheque £4,920. 7 Bought goods for cash £362. 10 Sold goods on credit £218 to L Less. 12 Returned goods to J Watson £42. 19 Sold goods for cash £54. 22 Bought fixtures on credit from Firelighters Ltd £820. 24 F Holmes lent us £1,500 paying us the money by cheque. 29 We paid J Watson his account by cheque £368. 31 We paid Firelighters Ltd by cheque £820. Apply the concept of financial accounting to prepare: Double entries, T Accounts, Trial balance of the above transactions.
Adi S.
4.1 Enter the following transactions, completing the double entry in the books for the month of August 2017: 2017 August: Started in business with £31,000 in the bank and £4,000 in cash. Purchased goods for £1,160 on credit from A. Cliff. Bought fixtures and fittings for £4,600, paying by cheque. Sold goods for cash, receiving £600. Bought goods on credit for £1,300 from S. Bell. Paid rent in cash, £800. Bought stationery for £180, paying in cash. Goods returned to A. Cliff, amounting to £164. Received rent of £480 by cheque for sublet of corner space. Sold goods on credit to R. Coat for £3,200. Bought a van, paying by cheque, £16,400. Paid the month's wages in cash, £1,220. The proprietor took £1,020 in cash for her own personal use.
Jerelyn N.
Recommended Textbooks
Elementary Statistics a Step by Step Approach
The Practice of Statistics for AP
Introductory Statistics
Watch the video solution with this free unlock.
EMAIL
PASSWORD