1.Sport Direct, a sport stuff shop. At the beginning of the current season, the ledger...
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Accounting
1.Sport Direct, a sport stuff shop. At the beginning of the current season, the ledger of Sport Direct shop showed cash $2,200, Inventory $1,800, and Share capital - Ordinary $4,000. The following transactions were completed during April.
April 8) Sold Merchandise to members for $1,150 on account terms n/30. The merchandise sold had a cost of $790.
April 9) Paid office rent $1,500 cash.
April 10) Returned merchandise for Jay-Mac Co. for $60, for a racquets that were defective.
April 11) Purchased tennis shoes from Li Sports for $420 cash.
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You can see the logs in the Dashboard.