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bailey hughes started trading as wholesales bookseller on 1 june 2008 with a capital of $ 10000 with opened a bank account for his businessduring june the following tranctions took place1.bought warehouse shelving from warehouse fitters ltd for $35002. purchased books on credit from ransome house from $8203. sold books on credit to warehouse for $12004. purchased books on credit from big , white forthe bank7.received cheque from warehouses in settlement of their account8. purchased books on credit from RUP for $10009. solds books on credit to RS jones for $50010. sent cheque to ransom house in setlement of their account11. paid rent of $300 by cheque12. paid delivery expense of $75 by cheque13.received $350 from books and co on account14.drew cheque for personal expenses of $270 and assistants wages $40015. settled the account of big, white
Asak Asead
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∙ 11y agobailey hughes started trading as wholesales bookseller on 1 june 2008 with a capital of $ 10000 with opened a bank account for his business
during june the following tranctions took place
1.bought warehouse shelving from warehouse fitters ltd for $3500
2. purchased books on credit from ransome house from $820
3. sold books on credit to warehouse for $1200
4. purchased books on credit from big , white for $450
5. solds on credit to credit to books and co for $740
6. paid cash sales of $310 from the warehouse shop intact into the bank
7.received cheque from warehouses in settlement of their account
8. purchased books on credit from RUP for $1000
9. solds books on credit to RS jones for $500
10. sent cheque to ransom house in setlement of their account
11. paid rent of $300 by cheque
12. paid delivery expense of $75 by cheque
13.received $350 from books and co on account
14.drew cheque for personal expenses of $270 and assistants wages $400
15. settled the account of big, white
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