Draw the t account of purchases

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Reference no: EM132710269

On 1 March 2020, goods valuing $1000 were bought from Mr. D.

On 15 March 2020, goods, valued at $200, returned to Mr. D .

On 1 May 2020, goods for $2000 were sold to Mr. E.

On 15 May 2020, Mr. E returned goods, valued at $500, to the business.

On 1 June 2020, goods, valued at $600, were bought from Mr. Z on credit.

On 15 June 2020, the due amount of $800 was paid to Mr. D through cheque.

On 15 July 2020, the due amount of $1500 was received from Mr. E through cheque.

Problem 1: Draw the T account of Purchases, Sales, Mr. D, Mr. E, Return inwards, Return outwards, Mr. Z and Bank.

Reference no: EM132710269

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