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Question
Question
Sol
T Accounts
Trial Balance
Write up the following transactions in the T accounts:
March
1
Started business with
£16,000
cash
2
Bought goods on credit
£420
from
W Young
3
Paid
rent
£870
in cash
4
Paid
£12,500
of the cash into a business bank account
5
Sold goods on credit
£192
to
D Unbar
7
Bought
Stationery
£85
paying by cheque.
11
Cash sales
£312
14
Goods returned by us to
£54
17
Sold goods on credit
£212
to
J Harper
20
Paid for repairs to the building by cash
£78
22
returned goods to us
£31
27
Paid
by cheque
£366
28
Goods bought with cash
£470
29
£3,850
spent on a
van
paid for by cheque.
30
Paid motor expenses in cash
£216
31
Bought
computer
£730
on credit
from
B Coal
Capital
March
£
March
£
Cash
March
£
March
£
Purchases
March
£
March
£
W Young
March
£
March
£
rent
March
£
March
£
Bank
March
£
March
£
Sales
March
£
March
£
D Unbar
March
£
March
£
Stationery
March
£
March
£
Returns In
March
£
March
£
Returns Out
March
£
March
£
J Harper
March
£
March
£
B Coal
March
£
March
£
computer
£
£
Motor Expenses
March
£
March
£
van
March
£
March
£
Repairs
March
£
March
£
Write up the following transactions in the T accounts:
March
1
Started business with
£16,000
cash
2
Bought goods on
credit
£420
from
W Young
3
Paid
rent
£870
in cash
4
Paid
£12,500
of the cash
into a business bank account
5
Sold goods on cre
dit
£192
to
D Unbar
7
Bought
Stationery
£85
paying by cheque.
11
Cash sales
£312
14
Goods returned b
y us to
£54
17
Sold goods on cre
dit
£212
to
J Harper
20
Paid for repairs to the building by c
ash
£78
22
returned goods to us
£31
27
Paid
by cheque
£366
28
Goods bought with cash
£470
29
£3,850
spent on a
van
paid for by cheque.
30
Paid motor expenses in cash
£216
31
Bought
computer
£730
on credit
from
B Coal
Capital
March
£
March
£
Cash
March
£
March
£
Purchases
March
£
March
£
W Young
March
£
March
£
rent
March
£
March
£
Bank
March
£
March
£
Sales
March
£
March
£
D Unbar
March
£
March
£
Stationery
March
£
March
£
Returns In
March
£
March
£
Returns Out
March
£
March
£
J Harper
March
£
March
£
B Coal
March
£
March
£
computer
0
£
0
£
Motor Expenses
March
£
March
£
van
March
£
March
£
Repairs
March
£
March
£
Capital
Cash
Purchases
£
£
£
£
£
£
Returns In
Sales
Returns Out
£
£
£
£
£
£
Bank
£
£
£
£
£
£
Repairs
£
£
£
£
£
£
Motor Expenses
£
£
£
£
£
£
£
£
£
£
Trial Balance
Dr
Cr
£
£
Reset
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