Enter the given transactions in personal accounts only

Assignment Help Financial Accounting

Reference no: EM131385398

Enter the following transactions in personal accounts only. Bring down the balances at the end of the month. After completing this, state which of the balances represent debtors and which represent creditors.

2017
May
1 Credit sales F. Black £620; G. Smith £84; L. Sime £1,200; J. Teel £608.

2 Credit purchases from P. Best £190; I. Donovan £63; G. Lime £210; T. Still £360.

8 Credit sales to G. Smith £322; L. Sime £448.

9 Credit purchases from I. Donovan £215; T. Still £164.

10 Goods returned to us by L. Sime £62; J. Teel £164.

12 Cash paid to us by J. Teel £454.

15 We returned goods to P. Best £25; T. Still £21.

19 We received cheques from L. Sime £180; F. Black £620.

21 We sold goods on time to F. Black £180; G. Smith £860.

28 We paid by cheque the following; P. Best £165; T. Still £100; G. Lime £180.

31 We returned goods to T. Still £40.

Reference no: EM131385398

Questions Cloud

Enter the given in the appropriate creditors accounts : Redraft each of the accounts given in your answer to Review given Question in three-column style.- Enter the following in the appropriate creditors accounts (i.e. your suppliers accounts) only.

Explain what exactly is meant by exchange rate risk : What exactly is meant by exchange rate risk? Give a simple, numerical example of this. Do both parties in an international trade transaction incur this same risk? Explain.

Analyze the development of management theories : Examine the development of management theories, including how these theories reflected the changing business environment. Compare and contrast the three management theories you included in your leadership theory table.

Enter the given in the personal accounts : Enter the following in the personal accounts (i.e. the creditor and debtor accounts) only. Do not write up the other accounts. Balance-off each personal account at the end of the month.

Enter the given transactions in personal accounts only : Enter the given transactions in personal accounts only. Bring down the balances at the end of the month. After completing this, state which of the balances represent debtors and which represent creditors.

Explain three groups that were affected by industrialization : Identify three specific groups that were affected by industrialization and provide two examples for each group describing how the group was affected.

State which of the balances represent debtors : Enter the following transactions in personal accounts only. Bring down the balances at the end of the month. After completing this, state which of the balances represent debtors and which represent creditors.

Enter up the necessary accounts for the month of october : You are to enter up the necessary accounts for the month of October from the following information relating to a small printing firm. Then balance-off the accounts and extract a trial balance as at 31 October 2017.

Enter the given transactions of an antiques shop : Enter the following transactions of an antiques shop in the accounts and extract a trial balance as at 31 March 2017.- Started in business with £8,000 in the bank.

User Account

All Pages