Professional Documents
Culture Documents
Part 2
Question 1
Question 2
On January 1, 2018, G. Saunders commenced business operations with $50,000 cash. On that
same day he paid $500 cash for rent of his shop and $6000 cash for furniture and fittings.
Question 3
Write up the following accounts in the books of F. Taylor. Balance off the accounts and extract
a trial balance.
2018
March 5 Took $400 out of the bank and put it into the cash till
Question 4
Write up the accounts in the appropriate ledgers for the following transactions, and balance off
the accounts for Bill Crosby
2017
Sept 1 started business with $800 in the bank
Sept 4 bought goods $300 on credit from S & S Wholesale
Sept 4 transfer $150 from bank to cash
Sept 9 paid for insurance $30 by cash
Sept 15 sold goods $400 on credit to Suga Roy
Sept 18 goods for $50 returned from Suga Roy
Sept 18 paid office expenses $80 by cash
Sept 22 took $60 by cheque for personal use
Sept 24 sold goods $300 on credit to Dean Peart
Sept 25 bought goods $150 on credit from Amazon.com
Sept 26 received cheque $300 from Suga Roy
Sept 27 paid S & S Wholesale $200 by cheque
Sept 28 sold good $100 by cash
Question 5
Write up the accounts in the appropriate ledgers for the following transactions, and balance off
the accounts in the books of Venus Williams.
2017