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-   -   Hi I need help with this trial balance question.. (https://www.askmehelpdesk.com/showthread.php?t=634395)

  • Feb 8, 2012, 02:34 PM
    charles12
    Hi I need help with this trial balance question..
    Hi I need help with this trial balance question.. this is my first time doing accounts.. my teacher doesn't explain it good so could you explain it for please..

    May 6 -Started firm with capital in cash of $250
    May 2 - brought goods on credit from the following persons: D.Ellis,$54; C.Mendez, $87; K. Gibson, $25; D. Booth, $76; L.Lowe,$64.
    May 4- Sold goods on credit to : C.Bailey, $43; B.Hughes,$62; H.Spencer, $176.
    May 6- Paid rent by cash,$12
    May 9- Bailey paid us his account by cheque, $43
    May 10- H.Spencer paid us $150 by cheque
    May 12- We paid the following by cheque: K.Gibson,$25; D.Ellis,$54
    May 15- Paid carriage by cash, $23.
    May 18- Brought goods on credit from C.Mendez,$43; D.Booth,$110
    May 21- Sold goods on credit to B.Hughes, $67
    May 31- Paid rent by cheque,$18

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