Solution-Record the transactions in the ledger accounts

Record the transactions in the ledger accounts

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Reference no: EM132731778

Question - Record the following transactions in the ledger accounts of L. Black for the month of March 2015 and balance-off the accounts, the extract a Trial Balance.

2015 -

March 1 Started business with $8,000 in the bank.

March 6 Purchased goods on credit from D. Lue $7,200.

March 10 Sold goods for cash $6,500.

March 17 Returned goods to D. Lue $2,000.

March 20 Paid telephone expense by $3,250 cash.

March 27 Purchased Computers $7,000 by cheque.

March 30 Sold good for credit to Mr. Tee $1,700.

March 30 Proprietor invested a further $5,000 in the business bank account.

Reference no: EM132731778

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Record the transactions in the ledger accounts

Reference no: EM132731778

Reference no: EM132731778

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