These
Paid furniture for cash $800
(Provide the two accounts involved)
What is "furniture" and "cash at bank"?
Paid salaries $2000
(Provide the two accounts involved)
What is "cash at bank" and "wages"?
Purchased a computer from PCCG on credit?
(Provide the two accounts involved)
What is "computer" and "accounts payable - PCCG"?
Received commission of $400 from Mr Lowe.
(Provide the two accounts involved)
What is "accounts receivable - Mr Lowe" and "commission revenue"?
Paid rates $500
(Provide the two accounts involved)
What is "rates" and "cash at bank"
Paid Officeworks $400
(Provide the two accounts involved + their account type (R,E,A,L,OE)
What is "cash at bank A" and "Officeworks - Accounts Payable L"
Purchased a new lounge from King Furniture $9000 on credit.
(Provide the two accounts involved + their account type (R,E,A,L,OE)
What is "furniture A" and "accounts payable - King Furniture"?
Purchased stationery from Bunnings $400
(Provide the two accounts involved + their account type (R,E,A,L,OE)
What is "stationery E" and "cash at bank A"?
Paid Channel 7 for Advertising $30 000 on credit
(Provide the two accounts involved + their account type (R,E,A,L,OE)
What is "advertising E" and "accounts payable - Channel 7 L)
Owner invested $20 000 cash in the business?
(Provide the two accounts involved + their account type (R,E,A,L,OE)
What is "capital OE" and "cash at bank A".
Paid insurance $1000.
(Provide the accounts involved, account type and whether they are increasing or decreasing)
What is "insurance, E, Inc" and "cash at bank, A, Dec"?
Sold desk to H. Smith
(Provide the accounts involved, account type and whether they are increasing or decreasing)
What is "cash at bank, A, Inc" and "furniture, A, Dec"?
Received cash for sale of inventory $2000
(Provide the accounts involved, account type and whether they are increasing or decreasing)
What is "cash at bank, A, Inc" and "inventory, A, Dec"?
Purchased brand new Audi A6 (car) on credit.
(Provide the accounts involved, account type and whether they are increasing or decreasing)
What is "motor vehicle, A, Inc" and "accounts payable - Audi, L, Inc"
Paid cash to purchase inventory $16 000
(Provide the accounts involved, account type and whether they are increasing or decreasing)
What is "inventories, A, Inc" and "cash at bank, A, Dec"?
Paid interest $50
(Provide the accounts involved, account type, whether they are increasing or decreasing AND if each is a Cr or a Dr)
I.e. Cash at bank, A, Inc, Dr
What is "cash at bank, A, Dec, Cr" and "interest expense, E, Inc Dr"?
Paid electricity $1500
(Provide the accounts involved, account type, whether they are increasing or decreasing AND if each is a Cr or a Dr)
I.e. Cash at bank, A, Inc, Dr
What is "electricity, E, Inc, Dr" and "cash at bank, A, Dec, Cr"?
Sold goods on credit to H. Jackman?
(Provide the accounts involved, account type, whether they are increasing or decreasing AND if each is a Cr or a Dr)
I.e. Cash at bank, A, Inc, Dr
What is "sales, R, Inc, Cr" and "accounts receivable - H. Jackman, A, Inc, Dr"?
Received interest revenue $40
(Provide the accounts involved, account type, whether they are increasing or decreasing AND if each is a Cr or a Dr)
I.e. Cash at bank, A, Inc, Dr
What is "interest revenue, R, Inc, Cr" and "cash at bank, A, Inc, Dr"?
Received $9 000 from R. Crowe.
(Provide the accounts involved, account type, whether they are increasing or decreasing AND if each is a Cr or a Dr)
I.e. Cash at bank, A, Inc, Dr
What is "accounts receivable - R. Crowe, A, Dec, Cr" and "cash at bank, A, Inc, Dr"?