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  • Journal Entry - Exercise 3

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    Andrea Batholomeo
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    The document appears to be a record of transactions in a bank account from May 1-20, 2017. It lists the date of each transaction, a description of the transaction, the amount, and an entry code. Transactions include opening the account, purchases paid by cheque, cash sales with some funds deposited, and withdrawals for personal use on two occasions. On May 20, a cheque was deposited into the bank on the same day.

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    The document appears to be a record of transactions in a bank account from May 1-20, 2017. It lists the date of each transaction, a description of the transaction, the amount, and an entry code. Transactions include opening the account, purchases paid by cheque, cash sales with some funds deposited, and withdrawals for personal use on two occasions. On May 20, a cheque was deposited into the bank on the same day.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    8 views1 page

    Journal Entry - Exercise 3

    Uploaded by

    Andrea Batholomeo
    The document appears to be a record of transactions in a bank account from May 1-20, 2017. It lists the date of each transaction, a description of the transaction, the amount, and an entry code. Transactions include opening the account, purchases paid by cheque, cash sales with some funds deposited, and withdrawals for personal use on two occasions. On May 20, a cheque was deposited into the bank on the same day.

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    © All Rights Reserved
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    Exercise 3

    Date Statement/Particulars Amount Entry


    01/05/2017 Paid into bank for opening current A/c 50,000/- F4
    02/05/2017 Purchased goods and paid by cheque 50,000/- F4
    05/05/2017 Cash sales 40,000/- F4
    And deposit into bank 30,000/-
    10/05/2017 Withdraw for private use 5000/- F7
    12/05/2017 Withdraw for private use from bank 5000/- F5
    20/05/2017 Received a cheque and deposit into - 10,000/- F4
    Bank same day

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