N relating to a small printing firm. Then balance off the ac
Question and Solution
N relating to a small printing firm. Then balance off the accounts and extract a trial balance as at 31 May 20X6. 20X6 M
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N relating to a small printing firm. Then balance off the accounts and extract a trial balance as at 31 May 20X6. 20X6 May 1 Started in business with capital in cash of £800 and £2,200 in the bank. == 2 Bought goods on credit from the following persons: J Ward £610; P Green £214; M Taylor £174; S Gemmill £345; P Tone £542. == 4 Sold goods on credit to: J Sharpe £340; G Boycott £720; F Titmus £1,152. == 6 Paid rent by cash £180. == 9 J Sharpe paid us his account by cheque £340. == 10 F Titmus paid us £1,000 by cheque. == 12 We paid the following by cheque: M Taylor £174; J Ward £610. == 15 Paid carriage by cash £38. == 18 Bought goods on credit from P Green £291; S Gemmill £940. == 21 Sold goods on credit to G Boycott £810. == 31 Paid rent by cheque £230
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