Question

3.2A Complete the following table: Account to Account to be debited be credited (a) Goods bought on credit from T. Morgan (6) Goods returned to us by J. Thomas. () Machinery returned to L Jones Ltd. (d) Goods bought for cash. (e) Van bought on credit from D. Davies Ltd. U Goods returned by us to I. Prince O) D. Picton paid us his account by cheque. w Goods bought by cheque. U) We paid creditor, 8. Henry, by cheque. 0) Goods sold on credit to I. Mulling B.4A Enter the following transactions in the appropriate accounts: 2012 Aug 1 Started in business with £7,400 cash. 2 Paid £7,000 of the opening cash into the bank. 4 Bought goods on credit £410 from J. Watson. 5 Bought a van by cheque £4,920. 7 Bought goods for cash £362. 10 Sold goods on credit £218 to L. Less. 12 Returned goods to J. Watson £42. 19 Sold goods for cash £54. 22 Bought fixtures on credit from Firelighters Ltd £820. 24 F. Holmes lent us £1,500 paying us the money by cheque. 29 We paid J. Watson his account by cheque £368. 31 We paid Firelighters Ltd by cheque £820.