Question

Complete the statements by entering (a) to(f)

Answer 1

SOLUTION

In the below Solution Dr means Debit and Cr means Credit

On 01/10 the balance is $ 200 Cr

On 02/10 payment of $ 284 Dr is done

So balance on 02/10 is $(284-210) Dr = $ 84 Dr

(a) = $ 84 Dr

On 03/10 receipt is $ 175 Cr

So balance on 03/10 is $(175-84) Dr = $ 91 Cr

(b) = $ 91 Cr

The balance on 04/10 is $46 Cr

So On 04/10 payment of $ ( 91-46) = $ 45 Dr

(c) = $ 45 Dr

The balance on 05/10 is $120 Cr

So On 05/10 receipt is $ ( 120-46) = $ 74 Cr

(d) = $ 74 Cr

On 06/10 payment of $ 163 Dr is done

So balance on 06/10 is $(163-120) Dr = $ 43 Dr

(e) = $ 43 Dr

On 07/10 receipt is $ 28 Cr

So balance on 07/10 is $(43 - 28) Dr = $ 15 Dr

(f) = $ 15 Dr

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