1 Write up the asset and liability and capital accounts to record the following transactions in the records of J Beanie: 2007 July 1 Started business with £25,000 in the bank. 2 Bought office...

1

Write up the asset and liability and capital accounts to record the following transactions in

the records of J Beanie:

2007

July 1 Started business with £25,000 in the bank.

2 Bought office furniture by cheque £800.

3 Bought printers £700 on credit from Fullcrop Ltd.

5 Bought a van paying by cheque £8,100.

 8 Sold some of the office furniture – not suitable for the business – for £90 on credit to

P Dove Ltd.

15 Paid the amount owing to Fullcrop Ltd £700 by cheque.

23 Received the amount due from P Dove Ltd £90 in cash.

31 Bought machinery by cheque £800.