Transactions in the records of Ali
Write up the asset and liability and capital accounts to record the following transactions in the records of Ali.
2006
July 1 Started a business with $2500 in the bank
July 2 Bought office furniture by check $150
July 3 Bought Machinery $750 on credit from Chong Sdn Bhd
July 5 Bought motor vehicle $600 paying by check
July 8 Sold some of the office furniture - not suitable for the firm-for $60 on credit to Majid and Sons.
July 15 Paid the amount owning to Chong Sdn Bhd $750 by check
July 23 Received the amount due from Majid and Sons $60 in cash
July 24 Bought more machines by check $280.
Thanks ;),
Ida.L
