FINANCIAL ACCOUNTING 1-TRIAL BALANCE QUESTION

QUESTION

Write up the following transactions in the books of S Pink:

2003

March              1          Started business with cash £1,000.

“                      2          Bought goods on credit from A Cliks £296.

“                      3          Paid rent by cash £28.

“                      4          Paid £1,000 of the cash of the firm into a bank account.

“                      5          Sold goods on credit to J Simpson £54.

“                      7          Bought stationery £15 paying by cheque.

“                      11        Cash sales £49.

“                      14        Goods returned by us to A Cliks £17.

“                      17        Sold goods on credit to P Lutz £29.

“                      20        Paid for repairs to the building by cash £18.

“                      22        J Simpson returned goods to us £14.

“                      27        Paid A Cliks by cheque £279.

“                      28        Cash purchases £125.

“                      29        Bought a motor vehicle paying by cheque £395.

“                      30        Paid motor expenses in cash £15.

“                      31        Bought fixtures £120 on credit from R west.