1
Show the journal entries necessary to record the following items:
2007
Apr 1 Bought fixtures on credit from Bell and Co £1,153.
4 We take goods costing £340 out of the business stock without paying for them.
9 £68 of the goods taken by us on 4 April is returned back into stock by us. We do not
take any money for the return of the goods.
12 H Cowes owes us £640. He is unable to pay his debt. We agree to take some computer
equipment from him at that value and so cancel the debt.
18 Some of the fixtures bought from Bell and Co, £42 worth, are found to be unsuitable
and are returned to them for full allowance.
24 A debt owing to us by P Lees of £124 is written off as a bad debt.
30 Office equipment bought on credit from Furniture Today Ltd for £1,710.