I am the force.POSTCREDITDEBITACCOUNT TITLEREF67 000P Cartwright, capitalL.1P Cartwright, drawings21 500L.550 000SalesL.3PurchasesL.26 000BuildingL.465 000StockL.615 000CashСВ2 000BankCB10 000B. Forbes (debtor)L.9500J. Wells (creditor)L.73 000During the month of June, P Cartwright received and issued the following documents:INVOICE #10012INVOICE # 8436CREDIT NOTE #279FROM: P. CartwrightFROM: P. CartwrightB. Forbes4 June, 2004FlowersAmount: $300.00FROM:To:J. WellsP. Cartwright7 June, 204Packing MaterialTo:To:B. Forbes9 June, 2004Wrong type ofFlowersAmount: $150.00For:For:For:Amount: $100.00On 16 June P Cartwright received a cheque from B. Forbes for $650. She sold flowers for cashon the following days:20 June60029 June450 She also made cash payments as follows:20040011 June Flowers24 June EquipmentYOU ARE REQUIRED TO:1.Record the above transactions in the Ledger.2.Extract a Trial Balance as at 30 June, 2004.

Debit what comes in, Credit what goes out. Debit the receiver, Credit the giver. Debit all expenses…

Answered: YOU ARE REQUIRED TO: Record the above…

Business

Accounting

YOU ARE REQUIRED TO: Record the above transactions in the Ledger. Extract a Trial Balance as at 30 June, 2004.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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