Record the following transactions for the month of December, 2021 for Dell’s Enterprise in their relevant Accounts, Balance off same and Extract a Trial Balance. Started business with $100,000 cashPut $90,000 of the cash into a bank account.Bought goods for $55,000 paying by chequeBought Goods on credit from S. Henry $80,000; T. Brown $9,500; A. Marks 5,100Bought stationery on credit from Bartley Ltd. $8,900Sold goods on credit to S. Song $17,000; L. Fatt $24,000; M. Sing 32,600.Paid rent by cheque $22,000 10. Bought Fixtures on credit from Marks Furnishing $61,000 11. Paid salaries by cash $7,200 14. Returned goods to S. Henry $1,200 15. Bought van by cheque $106,500 16. Received loan into bank account from NST $75,000 18. Goods returned to us by S. Song $1,500; L. Fatt $2,500 21. Cash Sales $30,000 24. Owner took Cash of $5,500 for his personal use. 29. Received cheque from S, Song for full settlement of his accounting 30. Received cash $20.000 from M. Sing.

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 19EA: A business has the following transactions: The business is started by receiving cash from an...

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Record the following transactions for the month of December, 2021 for Dell’s Enterprise in their relevant Accounts, Balance off same and Extract a Trial Balance.

Started business with $100,000 cash
Put $90,000 of the cash into a bank account.
Bought goods for $55,000 paying by cheque
Bought Goods on credit from S. Henry $80,000; T. Brown $9,500; A. Marks 5,100
Bought stationery on credit from Bartley Ltd. $8,900
Sold goods on credit to S. Song $17,000; L. Fatt $24,000; M. Sing 32,600.
Paid rent by cheque $22,000

10. Bought Fixtures on credit from Marks Furnishing $61,000

11. Paid salaries by cash $7,200

14. Returned goods to S. Henry $1,200

15. Bought van by cheque $106,500

16. Received loan into bank account from NST $75,000

18. Goods returned to us by S. Song $1,500; L. Fatt $2,500

21. Cash Sales $30,000

24. Owner took Cash of $5,500 for his personal use.

29. Received cheque from S, Song for full settlement of his accounting

30. Received cash $20.000 from M. Sing.

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