Show the journal entries necessary to record the following i
Question and Solution
Show the journal entries necessary to record the following items: 20X7 Apr 1 Bought fixtures on credit from Bell and Co
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Show the journal entries necessary to record the following items: 20X7 Apr 1 Bought fixtures on credit from Bell and Co £1,153. == 4 We take goods costing £340 out of the business stock without paying for them. == 9 £68 of the goods taken by us on 4 April is returned back into stock by us. We do not take any money for the return of the goods. == 12 H Cowes owes us £640. He is unable to pay his debt. We agree to take some computer equipment from him at that value and so cancel the debt. == 18 Some of the fixtures bought from Bell and Co, £42 worth, are found to be unsuitable and are returned to them for full allowance. == 24 A debt owing to us by P Lees of £124 is written off as a bad debt. == 30 Office equipment bought on credit from Furniture Today Ltd for £1,710.
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