(1) Ivan started business (as a bookseller) with $15,000 in business bank account (2) Made purchases for $1,700 cash (3) Further purchases for $400 on credit from Moore (4) Accrued utilities of $ 400...


(1) Ivan started business (as a bookseller) with $15,000 in business bank account
(2) Made purchases for $1,700 cash
(3) Further purchases for $400 on credit from Moore
(4) Accrued utilities of $ 400
(5) Bought stationery for $60 on credit
(6) Bought an old van for $5,000 from Petros promising to pay a half on the value later
(7) Sold rare books to Greene for $1,300 cash
(8) Paid Moore $190 cash
(9) Sold books on credit to Doyle for $2,400
(10) Bought more stationery for $40 cash
Required
Prepare:
(i) general journal for the transactions;
(ii) ledger accounts showing descriptions and balances;
(iii) a trial balance;



Jun 08, 2022
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