1
Prepare the double entries (not
the T-accounts) for the following transactions using the format:
Date Dr Cr
Account name £x
Account name £x
July 1 Started in business with £5,000 in the bank and £1,000 cash.
2 Bought stationery by cheque £75.
3 Bought goods on credit from T Smart £2,100.
4 Sold goods for cash £340.
5 Paid insurance by cash £290.
7 Bought a computer on credit from J Hott £700.
8 Paid expenses by cheque £32.
10 Sold goods on credit to C Biggins £630.
11 Returned goods to T Smart £550.
14 Paid wages by cash £210.
17 Paid rent by cheque £225.
20 Received cheque £400 from C Biggins.
21 Paid J Hott by cheque £700.
23 Bought stationery on credit from News Ltd £125.
25 Sold goods on credit to F Tank £645.
31 Paid News Ltd by cheque £125.