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Answers to questions





                   Example 4: Solution (cont.)
                                                           JM

                   Dr                                 $       Cr                                 $
                                                              04-May     Purchases             2,000







                                                          ERD
                   Dr                                 $       Cr                                 $
                                                              06-May     Purchases             3,000







                                                         Wages
                   Dr                                 $       Cr                                 $
                   07-May     Cash                     60
                   25-May     Cash                    110




                                                          Rent
                   Dr                                 $       Cr                                 $
                   10-May     Bank                     80
































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