Identify the accounts and the debit/credit entries to be made in the ledger to record each of the following transactions. Debit Credit Sally Sales Example: Sold goods on credit to Sally. a. Bought goods for sale on credit from Ali. b. Paid carriage on the goods purchased, in cash. c. Owner’s private car brought into the business. d. Bought office equipment on credit from Bakar. e. Received a cheque from Sally. f. Cash sales. g. Paid wages to workers by cheque. h. Bank loan from RHB. i. Paid personal computer with the company cheque. j. Returned goods to Ali.

Identify the accounts and the debit/credit entries to be made in the ledger to record each of the following transactions. Debit Credit Sally Sales Example: Sold goods on credit to Sally. a. Bought goods for sale on credit from Ali. b. Paid carriage on the goods purchased, in cash. c. Owner’s private car brought into the business. d. Bought office equipment on credit from Bakar. e. Received a cheque from Sally. f. Cash sales. g. Paid wages to workers by cheque. h. Bank loan from RHB. i. Paid personal computer with the company cheque. j. Returned goods to Ali.

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Description: Identify the accounts and the debit/credit entries to be made in the ledger to record each of the following transactions.Debit CreditSallySales Example: Sold goods on credit to Sally.a. Bought goods for sale on credit from Ali.b. Paid carriage on th

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 3MC: If a customer pays with a credit card and the service has been provided, which of the following...

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