zvosser
Nov 11, 2008, 10:38 AM
. Starts business with $18000 in bank
. Buys Motor for $8000
Buys stock on cr for $6000
Pays rent for one month $3000 cash
Borrows $10000
Stock costing $3000, is sold for $6300 cash
Pays stationary $200 cash
Buys stock $9000 on credit
Sales stock costing $5000 for $10000 on credit
Pays trade creditor $2800 cash
Sundry expenses paid $500 cash
Janet withdraws $1000 cash for living exp
Recieves $3500 cash from debtor
Buys motor $7000 on credit
Interest on loan for one month paid $100 cash
Recieved $1600 cash from debtor
Pays one months wages $8000 cash, but $2000 still owing for the month
Repays $2000 of loan
:D
Please can anyone help me?
I have been trough this several times and just cannot balance this one out?
please
Thank you
. Buys Motor for $8000
Buys stock on cr for $6000
Pays rent for one month $3000 cash
Borrows $10000
Stock costing $3000, is sold for $6300 cash
Pays stationary $200 cash
Buys stock $9000 on credit
Sales stock costing $5000 for $10000 on credit
Pays trade creditor $2800 cash
Sundry expenses paid $500 cash
Janet withdraws $1000 cash for living exp
Recieves $3500 cash from debtor
Buys motor $7000 on credit
Interest on loan for one month paid $100 cash
Recieved $1600 cash from debtor
Pays one months wages $8000 cash, but $2000 still owing for the month
Repays $2000 of loan
:D
Please can anyone help me?
I have been trough this several times and just cannot balance this one out?
please
Thank you





