Enter the following transactions in the books of Mary Ward

#8186
Enter the following transactions in the books of 'Mary Ward' for December (use T accounts).1
Dec Introduced a motor vehicle to the new business worth £8,0001 Dec Transferred a computer
from home to the business: £5001 Dec Withdrew £200 cash from her personal account to cover
the cash expenses of the business1 Dec Put a cheque in the business bank account to cover
business start-up costs: £10,0001 Dec Purchased goods for sale by cheque: £4,0002 Dec
Bought a van using a loan from the bank: £15,0002 Dec Bought office equipment using a loan
from the bank: £5,0003 Dec Received cheques amounting to £5,000 for sales made4 Dec
Purchased stationery for £4505 Dec Purchased envelopes for £25 using cash6 Dec Paid wages
by cheque: £4009 Dec Purchased goods for sale for £2,000 by cheque10 Dec Sales lodged:
£3,00010 Dec Cash sales: £1,00012 Dec Cash lodged: £80014 Dec Pens purchased in cash:
£2015 Dec Loan instalment transferred by direct debit (DD): £1,00018 Dec Mary wrote a
business cheque to her personal account: £2,00021 Dec Petrol paid by cheque: £28022 Dec
Petrol for vehicles paid by cash: £4023 Dec Wages paid by cheque: £40024 Dec Second loan
instalment DD from bank: £1,000View Solution:
Enter the following transactions in the books of Mary Ward

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