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Chapter 20





                   Example 1: Solution (cont.)
                                                          Rent

                   Dr                                 $       Cr                                 $
                   10-May     Bank                      80
                                                        80





                                                       Furniture
                   Dr                                 $       Cr                                 $
                   16-May     Bank                  1,500     31 May     Bal c/d               1,500
                                                    1,500                                      1,500
                   1 June     Bal b/d               1,500



                                                           SP
                   Dr                                 $       Cr                                 $
                   19-May     Sales                   580     27-May     Bank                    330
                                                              31 May     Bal c/d                 250
                                                      580                                        580
                   1 June     Bal b/d                 250


                                                        Fittings
                   Dr                                 $       Cr                                 $
                   24-May     Cash                    600     31 May     Bal c/d                 600
                                                      600                                        600
                   1 June     Bal b/d                 600


























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