1.Write up the accounts in the Bill Frisby Ledger for the following transactions, then balance off theaccounts and extract a Trial Balance.Sept 1 Started business with $28,700 in the bank45Bought goods $31,250 on credit from S & S WholesaleTransfer $11,150 from bank to cash6 Paid for insurance $3,000 by cash15Sold goods $40,000 on credit to Suga RoyGoods for $5,300 return from Suga Roy1819 Paid office expenses $2,780 by cash22 Owner took $4,200 by cheque for personal use25 Sold goods $12,300 on credit to Dean Peart26 Purchased goods $15,000 on credit from HL Grocery26 Return goods to S & S Wholesale $6,2502728Received cheque $13,000 from Suga RoyPaid S & S Wholesale $25,000 by chequeSold good $10,000 by cash2930 Received cheque $13,000 from Suga Roy

Name: 1.Write up the accounts in the Bill Frisby Ledger for the following t
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Description: 1.Write up the accounts in the Bill Frisby Ledger for the following transactions, then balance off theaccounts and extract a Trial Balance.Sept 1 Started business with $28,700 in the bank45Bought goods $31,250 on credit from S & S WholesaleTransfer

Journal entry : Method of recording financial transactions in the book of original entry by debiting…

Business

Accounting

1. Write up the accounts in the Bill Frisby Ledger for the following transactions, then balance off the accounts and extract a Trial Balance. Sept 1 Started business with $28,700 in the bank Bought goods $31,250 on credit from S & S Wholesale Transfer $11,150 from bank to cash Paid for insurance $3,000 by cash Sold goods $40,000 on credit to Suga Roy Goods for $5,300 returned from Suga Roy Paid office expenses $2,780 by cash 19 22 Owner took $4,200 by cheque for personal use 25 Sold goods $12,300 on credit to Dean Peart 4 5 6 15 18 26 Purchased goods $15,000 on credit from HL Grocery 26 Return goods to S & S Wholesale $6,250 27 28 Received cheque $13,000 from Suga Roy Paid S & S Wholesale $25,000 by cheque Sold good $10,000 by cash 29 30 Received cheque $13,000 from Suga Roy

1. Write up the accounts in the Bill Frisby Ledger for the following transactions, then balance off the accounts and extract a Trial Balance. Sept 1 Started business with $28,700 in the bank Bought goods $31,250 on credit from S & S Wholesale Transfer $11,150 from bank to cash Paid for insurance $3,000 by cash Sold goods $40,000 on credit to Suga Roy Goods for $5,300 returned from Suga Roy Paid office expenses $2,780 by cash 19 22 Owner took $4,200 by cheque for personal use 25 Sold goods $12,300 on credit to Dean Peart 4 5 6 15 18 26 Purchased goods $15,000 on credit from HL Grocery 26 Return goods to S & S Wholesale $6,250 27 28 Received cheque $13,000 from Suga Roy Paid S & S Wholesale $25,000 by cheque Sold good $10,000 by cash 29 30 Received cheque $13,000 from Suga Roy

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: acounting
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