Question

Enter the following transactions of an antiques shop in the accounts, balance each account and extract a trial balance as at 31 March 2006.
•
•2006
•March 1 Started in business with $8,000 in the bank.
•
March 2 Bought goods on credit from the following persons: L Frank $550; G Byers $290; P Lee $610.


•March 5 Cash sales $510.
•
•March 6 Paid wages in cash $110.
•
•March 7 Sold goods on credit to: J Snow $295; K Park $360; B Tyler $640.
•
•March 9 Bought goods for cash $120.
•
•March 10 Bought goods on credit from: G Byers $410; P Lee $1,240.
•
•March 12 Paid wages in cash $110.

•March 13 Sold goods on credit to: K Park $610; B Tyler $205.
•
•March 15 Bought shop fixtures on credit from Stop Ltd $740.
•
•March17 Paid G Byers by cheque $700.
•
•March18 We returned goods to P Lee $83.
•
•March 21 Paid Stop Ltd a cheque for $740.

Answer 1

Answer:

Enter the following transactions of an antiques shop in the accounts, balance each account and extract a trial balance as at 31 March 2006.

•

•2006

•March 1 Started in business with $8,000 in the bank.

•

March 2 Bought goods on credit from the following persons: L Frank $550; G Byers $290; P Lee $610.

•March 5 Cash sales $510.

•

•March 6 Paid wages in cash $110.

•

•March 7 Sold goods on credit to: J Snow $295; K Park $360; B Tyler $640.

•

•March 9 Bought goods for cash $120.

•

•March 10 Bought goods on credit from: G Byers $410; P Lee $1,240.

•

•March 12 Paid wages in cash $110.

•March 13 Sold goods on credit to: K Park $610; B Tyler $205.

•

•March 15 Bought shop fixtures on credit from Stop Ltd $740.

•

•March17 Paid G Byers by cheque $700.

•

•March18 We returned goods to P Lee $83.

•

•March 21 Paid Stop Ltd a cheque for $740. itena sara bejet but chodo mujhe message karo is number per whatsapp 7877447737