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Using the following information, complete the various accounts.

1 July Started Business with $20,000


cash
1 July Opened a bank account and
deposited $19,000 cash into the account
7 July Paid rent for premises, $500 by
cheque
7 July Bought goods for resale and paid
$3,000 by cheque
12 July Paid $2,000 cheque for a van
14 July Sold some inventory for $600
cash
24 July Bought fixtures and paid $800
cheque
28 July Paid for motor expenses $65 cash
30 July Sold goods for $2,000 cash and
put the money into the bank.

Cash Account
Dr
July 01

Cr
Capital

$
20,000

July 01

Bank

$
19,000

Capital Account
Dr

Cr
$

Bank Account
Dr

Cr
$

Rent Account
Dr

Cr
$

Purchase Account
Dr

Cr
$

Van Account
Dr

Cr
$

Sales Account
Dr

Cr
$

Fixtures Account
Dr

Cr
$

Motor expenses Account


Dr

Cr
$

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