Double entries, ledgers and balancing off Oct 1 Started business with €30,000 in the bank

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Double entries, ledgers and balancing off

Oct 1 Started business with €30,000 in the bank.

Oct 3 Took €2,000 from the bank and put it in the cash till.

Oct 3 Bought delivery van €8,000 paying by cheque.

Oct 4 Purchased goods on credit €720 from C. Brincat.

Oct 6 Bought stationery €72, paying in cash.

Oct 9 Bought goods on credit, €1,100 from T. Bonello.

Oct 12 Cash sales €150.

Oct 13 Returned goods to T. Bonello €65.

Oct 15 Let off part of the premises receiving rent by cheque €450.

Oct 18 Took €150 in cash for own use.

Oct 21 Sold goods on credit to C. Muscat €380.

Oct 25 Bought fixtures on credit from J. Vella Ltd €790.

Oct 29 Goods taken from the business by L. Pulis for personal use €35.

 

 

 

Apr 1 Started business with €10,000 in cash.

2 Paid €9,500 into the bank.

3 Bought vehicle by cheque for €5,000.

5 Drew cheque for €2,000 to buy Equipment

7 Furniture bought on credit from D. Felice & Son for €750.

14 Paid cheque to D. Felice & Son for €500.

20 Drew €200 in cash for personal use.

 

Dec 1 Started business with €25,000 in the bank.

3 Bought motor van by cheque for €8,900.

5 Took €400 out of the bank for the office cash till.

11 Drew cheque for €6,000 to buy Office Computers.

12 Paid €120 for Stationery in cash.

15 Bought Office Computers on credit from R. Tabone & Daughter for €800.

25 Paid cheque to R. Tabone & Daughter for €550.

31 Drew €200 in cash for personal use