Started business with $17,500 in cash. 2 Paid $9,400 of the opening cash into a...
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Started business with $17,500 in cash. 2 Paid $9,400 of the opening cash into a bank account for the business. 5 Bought office furniture with cash from Dream Ltd for $2,100. 8 Bought a van paying by bank transfer $5,250 12 Bought equipment from Pearce & Sons with cash $2,300. 18 Returned faulty office furniture costing $260 to Dream Ltd 25 Sold some of the equipment for $200 cash. 26 Paid amount owing to Dream Ltd $1,840 by bank transfer. 28 Took $130 out of the bank and added to cash. 30 F. Brown lent us S4,000 - sending us the money by bank transfer. Required: (a) Post the transactions in the General Journal. (b) Post the transactions in (T-accounts) and balance off the accounts. (c) Prepare the Trial Balance for the period
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