Page 357 - Microsoft Word - 00 BA3 IW Prelims STUDENT.docx

Answers to questions

Example 1: Solution (cont.)
Purchases
Dr $ Cr $
04-May JM 2,000
06-May ERD 3,000
22-May Cash 3,900
8,900

JM
Dr $ Cr $
31 May Bal c/d 2,000 04-May Purchases 2,000
2,000 2,000
1 June Bal b/d 2,000

ERD
Dr $ Cr $
31 May Bal c/d 3,000 06-May Purchases 3,000
3,000 3,000
1 June Bal b/d 3,000

Wages
Dr $ Cr $
07-May Cash 60
25-May Cash 110
170

351