Question

Record the follow transactions in the accounts of Durable Furniture Ltd. Balance off the accounts as at 31st December 2019 and prepare a trail balance as at that date. 1st Started in business with $38,000.00 in the bank 2nd Bought meat on credit from B. Hind $1455.00 3rd Bought flour and sugar on credit from G. Smart $472.00 4th Sold pastries for cash $210.00 6th We returned meat to B. Hind $82.00 8th Bought fresh milk, for ice cream, on credit from G. Smart $370.00 10th Sold meals and drinks on credit to P. Symes $483.00 12th Sold special order pizza for cash $305.00 18th Took $250.00 of the cash and paid it into the bank 22nd Sold customized cake on credit to H. Buchan $394.00 25th H. Buchan paid us $180.00 on his account the following day 29th We paid B Hind by cheque $1,373.00

Answer 1

Answer:

Question Two

Record the follow transactions in the accounts of Durable Furniture Ltd. Balance off the accounts as at 31st December 2019 and prepare a trail balance as at that date.

1st Started in business with $38,000.00 in the bank

2nd Bought meat on credit from B. Hind $1455.00

3rd Bought flour and sugar on credit from G. Smart $472.00

4th Sold pastries for cash $210.00

6th We returned meat to B. Hind $82.00

8th Bought fresh milk, for ice cream, on credit from G. Smart $370.00

10th Sold meals and drinks on credit to P. Symes $483.00

12th Sold special order pizza for cash $305.00

18th Took $250.00 of the cash and paid it into the bank