Question

Post to T accounts

The following transactions for The Reds Co. in 2000:

2/1 deposited in the bank $50,000 as Capital

4/1 furniture bought to use in store for $6,500 paid by cheque.

10/1 bought good on Credit from alwatan Co. at a cost of $8,000.

15/1 goods were sold for $1,500 in cash

16/1 goods were sold to Mohammad for $600 received a cheque

18/1 sales for $800 in cash

20/1 $2,000 were deposited in the business bank account

25/1 $5,000 were paid back in cheque to alwatan Co.

26/1 good were sold to Alahly Club for $2,300 on credit

27/1 goods were sold to Mohammad for $1,200 on credit

28/1 all money is received from Alahly Club in cash

30/1 500$ were paid as salaries to worker in the store by cheque

31/1 the store paid $650 by cheque as rent for the store

Answer 1