can somebody help me to make a trial account using 1-10? thanks a lot ...
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can somebody help me to make a trial account using 1-10? thanks a lot
APPLICATION: TRANSACTIONS (26 marks) 2. Drake's Toronto restaurant was so successful he decided to open OVO Catering, a Toronto-based catering company. Record each transaction in the T-accounts provided. Calculate and record the account balances. Transactions 1. On October 1, 20-, when Drake began his business, he invested in the business $10 000 cash, an automobile worth $20 000, and equipment costing $50 000. 2. Issued a cheque for $3 500 in payment of the monthly rent. 3. Received a bill of $1000 from Eustace Bros. for supplies purchased on account. 4. Sent an invoice to Miguel for sale on account, $8 500. 5. Issued a cheque for $2 000 to pay the chef and support staff their weekly wages. 6. Received a bill for $130 from Regal Oil for gas in the business van. It's due in 30 days. 7. Paid $750 to have the oven repaired before a big catering job. 8. Issued a cheque for $80 in payment of the telephone bill that arrived today. 9. Catered a huge party for the Toronto Raptors, service sold on account. Sent the bill to MLSE for $15 000. 10. Receipt on account of $5 000 from Miguel
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