2.14A Write up the asset, capital and liability accounts in the books of D. Gough to record the following transactions: June May 1 2 5 8 12 15 19 21 25 30 2.15A Write up the accounts to record the following transactions: 1 2 3 5 8 15 17 24 31 Started business with £16,000 in the bank. Bought van paying by cheque £6,400. Bought office fixtures £900 on time from Old Ltd. Bought van on time from Carton Cars Ltd £7,100. Took £180 out of the bank and put it into the cash till. Bought office fixtures paying by cash £120. Paid Carton Cars Ltd by internet transfer from the bank account. A loan of £500 cash is received from B. Berry. Paid £400 of the cash in hand into the bank account. Bought more office fixtures, paying with the business debit card £480. Started business with £1,500 cash and £18,000 in the bank. Received a loan of £4,000 from T. Fox by cheque. Bought a computer for cash £1,200. Bought display stands on time from Drop Ltd £840. Took £400 out of the bank and put it in the cash till. Repaid part of Fox's loan using the business debit card £1,000. Paid amount owing to Drop Ltd £840 by internet transfer from the bank account. Repaid part of Fox's loan by cash £500. Bought a colour laser printer on time from P. Blake for £400.
2.14A Write up the asset, capital and liability accounts in the books of D. Gough to record the following transactions: June May 1 2 5 8 12 15 19 21 25 30 2.15A Write up the accounts to record the following transactions: 1 2 3 5 8 15 17 24 31 Started business with £16,000 in the bank. Bought van paying by cheque £6,400. Bought office fixtures £900 on time from Old Ltd. Bought van on time from Carton Cars Ltd £7,100. Took £180 out of the bank and put it into the cash till. Bought office fixtures paying by cash £120. Paid Carton Cars Ltd by internet transfer from the bank account. A loan of £500 cash is received from B. Berry. Paid £400 of the cash in hand into the bank account. Bought more office fixtures, paying with the business debit card £480. Started business with £1,500 cash and £18,000 in the bank. Received a loan of £4,000 from T. Fox by cheque. Bought a computer for cash £1,200. Bought display stands on time from Drop Ltd £840. Took £400 out of the bank and put it in the cash till. Repaid part of Fox's loan using the business debit card £1,000. Paid amount owing to Drop Ltd £840 by internet transfer from the bank account. Repaid part of Fox's loan by cash £500. Bought a colour laser printer on time from P. Blake for £400.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:2.14A Write up the asset, capital and liability accounts in the books of D. Gough to record the
following transactions:
June
May
1
2
5
8
12
15
19
21
25
30
2.15A Write up the accounts to record the following transactions:
1
2
3
5
8
15
17
24
Started business with £16,000 in the bank.
Bought van paying by cheque £6,400.
Bought office fixtures £900 on time from Old Ltd.
Bought van on time from Carton Cars Ltd £7,100.
Took £180 out of the bank and put it into the cash till.
Bought office fixtures paying by cash £120.
Paid Carton Cars Ltd by internet transfer from the bank account.
A loan of £500 cash is received from B. Berry.
Paid £400 of the cash in hand into the bank account.
Bought more office fixtures, paying with the business debit card £480.
31
Started business with £1,500 cash and £18,000 in the bank.
Received a loan of £4,000 from T. Fox by cheque.
Bought a computer for cash £1,200.
Bought display stands on time from Drop Ltd £840.
Took £400 out of the bank and put it in the cash till.
Repaid part of Fox's loan using the business debit card £1,000.
Paid amount owing to Drop Ltd £840 by internet transfer from the bank account.
Repaid part of Fox's loan by cash £500.
Bought a colour laser printer on time from P. Blake for £400.
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