Valery16
Sep 11, 2013, 06:38 AM
Just want to double check myself.
Jo decide to start a business buying and selling trees. Jo puts $ 10.000 savings into the a bank account and then withdraws $ 5.000 in cash. With the cash, Jo buys a van for the $ 2.500 and computer system for the $ 500. The van is filled up with $ 100 worth of petrol, and the insurance costs $ 100 for the month, jo sends a cheque to the insurance company. Then Jo goes to Georgie, the tree supplier and buys 4 trees for $ 100 each. Jo then rents shop for $ 500 for the month from the council and gives them a cheque. Jo is now ready to open up the shop.
On the first day the trees are very popular and Jo sells all 4 of them for the $300 each, cahs and has to shut the shop early to get some more trees. The treeseller sells Jo six more, but charges $120 each, cash. On the second day Jo sells another 4 trees for the $300 each for cash. Jo pays $ 1500 into the bank and takes $ 200 cash out of the business to celebrate and takes his friends out for the meal.
Need to identify all the transactions above
Jo decide to start a business buying and selling trees. Jo puts $ 10.000 savings into the a bank account and then withdraws $ 5.000 in cash. With the cash, Jo buys a van for the $ 2.500 and computer system for the $ 500. The van is filled up with $ 100 worth of petrol, and the insurance costs $ 100 for the month, jo sends a cheque to the insurance company. Then Jo goes to Georgie, the tree supplier and buys 4 trees for $ 100 each. Jo then rents shop for $ 500 for the month from the council and gives them a cheque. Jo is now ready to open up the shop.
On the first day the trees are very popular and Jo sells all 4 of them for the $300 each, cahs and has to shut the shop early to get some more trees. The treeseller sells Jo six more, but charges $120 each, cash. On the second day Jo sells another 4 trees for the $300 each for cash. Jo pays $ 1500 into the bank and takes $ 200 cash out of the business to celebrate and takes his friends out for the meal.
Need to identify all the transactions above