3. Enter the following in the personal accounts (i.e. the creditor and debtor accounts) only. Do notwrite up the other accounts. Balance off each personal account at the end of the month. Aftercompleting this, state which of the balances represent debtors and which represent creditors.2008Sept 1 Sales on credit to J Bee E520; T Day E630; J Soul E240.2 Purchases on credit D Blue E390; F Rise E510; P Lee E280.8 Sales on credit to T Day E640; L Hope E418.10 Purchases on credit from F Rise E92; R James E870.12 Returns inwards from J Soul E25; T Day E190.17 We returned goods to F Rise E12; R James E84.20 We paid D Blue by cheque E390.24 J Bee paid us by cheque E400.26 We paid R James by cheque E766.28 J Bee paid us by cash E80.30 L Hope pays us by cheque E418.

Debtors are those persons or parties which have received goods means bought goods from the company…

3. Enter the following in the personal accounts (i.e. the creditor and debtor accounts) only. Do not write up the other accounts. Balance off each personal account at the end of the month. After completing this, state which of the balances represent debtors and which represent creditors. 2008 T Dou F630: ISoul E240

3. Enter the following in the personal accounts (i.e. the creditor and debtor accounts) only. Do not write up the other accounts. Balance off each personal account at the end of the month. After completing this, state which of the balances represent debtors and which represent creditors. 2008 T Dou F630: ISoul E240

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 3PA: Domingo Company started its business on January 1, 2019. The following transactions occurred during...

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