Record following transactions by entering debits and credits

Assignment Help Financial Accounting

Reference no: EM131197146

Using T Accounts.

Rakesh set up Mechanotronics Ltd.

Record the following transactions by entering debits and credits directly in the company's accounts using the transaction letters as the key.

(a) Rakesh invested cash in the company's share capital, ` 10,000.
(b) Paid rent deposit for office premises, ` 5,000.
(c) Provided services for cash, ` 3,500.
(d) Purchased office equipment on credit, ` 2,500.
(e) Paid office rent for the month, ` 750.
(f) Billed customers for services provided, ` 3,300.
(g) Paid creditors, ` 1,500.
(h) Paid assistant's wages, ` 250.
(i) Paid dividends, ` 1,000.

Reference no: EM131197146

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