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(Solved): 6.2 Enter The Following Transactions Of An Antiques Shop In The Accounts And Extract A Trial Balance...


6.2 Enter the following transactions of an antiques shop in the accounts and extract a trial balance as at 31 March 2017 2017

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6.3A Record the following details relating to a carpet retailer for the month of November 2017 and extract a trial balance as

6.3A Record the following details relating to a carpet retailer for the month of November 2017 and extract a trial balance as

question 1

6.2 Enter the following transactions of an antiques shop in the accounts and extract a trial balance as at 31 March 2017 2017 1 Started in business with £8,000 in the bank. March 2 Bought goods on time from: L. Frank f550; G. Byers f540; P. Lee £610. 5 Cash sales (510. 6 Paid wages in cash £110. 7 Sold goods on time to: J. Snow £295; K. Park £360; B. Tyler £640. 9 Bought goods for cash £120. 10 Bought goods on time from: G. Byers £410; P. Lee £1,240. 12 Paid wages in cash £110. 13 Sold goods on time to: K. Park £610; B. Tyler £205 15 Bought shop fixtures on time from Stop Ltd £740. 17 Paid G. Byers by cheque £700. 18 We returned goods to P. Lee 183. 21 Paid Stop Ltd a cheque for £740. 24 B. Tyler paid us his account by cheque £845. 27 We returned goods to L. Frank f18. 30 G. Prince lent us £1,000 by cash. 31 Bought a van paying by cheque £6,250. 6.3A Record the following details relating to a carpet retailer for the month of November 2017 and extract a trial balance as at 30 November 2017. 2017 Nov 1 Started in business with £15,000 in the bank. 3 Bought goods on time from: J. Small £290; F. Brown £1,200; T. Rae £610; R. Charles £530. 5 Cash sales £610. 6 Paid rent by cheque £175. 7 Paid business rates by cheque £130. 11 Sold goods on time to: T. Potts £85; J. Field £48; T. Gray £1,640. 17 Paid wages by cash £290. 18 We returned goods to: J. Small (18; R. Charles £27. 19 Bought goods on time from: R. Charles £110; T. Rae £320; F. Jack £165. 20 Goods were returned to us by: J. Field £6; T. Potts £14. 21 Bought van on time from Turnkey Motors £4,950. 23 We paid the following by cheque: J. Small £272; F. Brown E1,200, T. Rae £500. 25 Bought another van, paying by cheque immediately £6,200. 26 Received a loan of £750 cash from B. Bennet. 28 Received cheques from: T. Potts £71; J. Field £42. 30 Proprietor brings a further £900 into the business, by a payment into the business bank account 6.4A Record the following transactions for the month of January of a small finishing retailer balance-off all the accounts, and then extract a trial balance as at 31 January 2016 2016 1 Started in business with £10,500 cash. Jan 2 Put £9,000 of the cash into a bank account. 3 Bought goods for cash £550. 4 Bought goods on time from: T. Dry £800; F. Hood £930; M. Smith f160; G. Low £510. 5 Bought stationery on time from Buttons Ltd £89. 6 Sold goods on time to: R. Tong £170; L. Fish £240; M. Singh £326; A. Tom £204. 8 Paid rent by cheque £220. 10 Bought fixtures on time from Chiefs Ltd £610. 11 Paid salaries in cash £790. 14 Returned goods to: F. Hood £30; M. Smith E42. 15 Bought van by cheque £6,500. 16 Received loan from B. Barclay by cheque £2,000. 18 Goods returned to us by: R. Tong £5; M.Singh £20. 21 Cash sales £145. 24 Sold goods on time to: L. Fish £130; A. Tom £410; R. Pleat £158. 26 We paid the following by cheque: F. Hood £900; M. Smith £118. 29 Received cheques from: R. Pleat £158; L. Fish £370. 30 Received a further loan from B. Barclay by cash £500. 30 Received £614 cash from A. Tom. 282/ 6.3A Record the following details relating to a carpet retailer for the month of November 2017 and extract a trial balance as at 30 November 2017. 2017 Nov 1 Started in business with £15,000 in the bank. 3 Bought goods on time from: J. Small £290; F. Brown £1,200; T. Rae £610; R. Charles E530. 5 Cash sales £610. 6 Paid rent by cheque £175. 7 Paid business rates by cheque £130. 11 Sold goods on time to: T. Potts f85; J. Field £48; T. Gray £1,640. 17 Paid wages by cash £290. 18 We returned goods to: J. Small £18; R. Charles £27. 19 Bought goods on time from: R. Charles £110; T. Rae £320; F. Jack £165. 20 Goods were returned to us by: J. Field £6; T. Potts £14. 21 Bought van on time from Turnkey Motors £4,950. 23 We paid the following by cheque: J. Small £272; F. Brown £1,200; T. Rae £500. 25 Bought another van, paying by cheque immediately £6,200. 26 Received a loan of £750 cash from B. Bennet. 28 Received cheques from: T. Potts E71; J. Field £42. 30 Proprietor brings a further £900 into the business, by a payment into the business bank account


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6.2 Ledger Accounts Dr. Bank Cr. Particulars Amount Particulars Amount To Capital 8000 By Stop Ltd. 740 To B. Tyler 845 By Van 6250 By G. Byers 700 By Balance c/d 1155 8845 8845
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