For each of the following, state the double entry required to record
the transaction in the accounts:
1
Alfie transfers $10,000 of his personal savings into a business
bank account.
2
He then buys goods from Isabel, a supplier, for $1,000 and pays
by cheque.
3
A sale is made for $400 – the customer pays by cheque.
4
Alfie makes a sale for $600 and the customer promises to pay in
the future.
5
Alfie then buys goods from his supplier, Kamen, for $500 on
credit.
6
Alfie pays a telephone bill of $150 by cheque.
7
The credit customer pays the balance on her account.
8
Alfie pays Kamen $340.
9
Bank interest of $30 is received.
10 A cash customer returned $20 goods to Alfie for a refund.
11 Alfie sent goods of $100 back to Kamen.
Do'stlaringiz bilan baham: |