Write up the asset and liability and capital accounts to record the following transactions in 2. the records of F Murray. 20X7 July 1 Started business with £15,000 in the bank. 2 Bought office furniture by cheque £1,200. 3 Bought machinery £1,400 on credit from Trees Ltd. 5 Bought a van paying by cheque £6,010 8 Sold some of the office furniture - not suitable for the business - for £150 on credit to D Twig & Sons 15 Paid the amount owing to Trees Ltd £1,400 by cheque. 23 Received the amount due from D Twig & Sons £150 in cash. 31 Bought more machinery by cheque £650. Aishafth Imsha mrah

Write up the asset and liability and capital accounts to record the following transactions in 2. the records of F Murray. 20X7 July 1 Started business with £15,000 in the bank. 2 Bought office furniture by cheque £1,200. 3 Bought machinery £1,400 on credit from Trees Ltd. 5 Bought a van paying by cheque £6,010 8 Sold some of the office furniture - not suitable for the business - for £150 on credit to D Twig & Sons 15 Paid the amount owing to Trees Ltd £1,400 by cheque. 23 Received the amount due from D Twig & Sons £150 in cash. 31 Bought more machinery by cheque £650. Aishafth Imsha mrah

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 1EB: Provide journal entries to record each of the following transactions. For each, identify whether the...

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