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.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements
Section: Chapter Questions
Problem 3E: R. Dalberg operates Dalbergs Tours. The company has the following chart of accounts: Using the chart...
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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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