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v You have been as an accountant by T. Grant and have been provided with...

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Question

Accounting

v

You have been as an accountant by T. Grant and have been provided with a listing of the transactions for the month:

2015

January

1

Started Business with capital in cash of $3400 and $6500 in the bank.

2

Sold goods on credit to: G. Rice $1200; T..Lewis $750; M. Martin $2000

4

Bought goods on credit from the following persons: Blue $870;

Grey $9800 and Green $1500

10

G. Rice paid us $800 by Cash

12

We paid the following by cheque: Blue $500; Grey $2400.

14

M.Martin paid us his account by cash $400

17

Paid Electricity bill by cash $1300.

20

Took $800 from the bank for personal use

25

Paid Water bill by cash $700

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