Page 387 - Microsoft Word - 00 BA3 IW Prelims STUDENT.docx

Answers to questions

Example 3: Solution (cont.)
P Binns
Dr $ Cr $
01-Jan Balance b/d 1,046 06-Jan Cash 570
17-Jan Invoice 470 16-Jan Discount 30
23-Jan Sales Returns 141
31-Jan Balance c/d 775
1,516 1,516
––––– –––––
01-Feb Balance b/d 775

J Harris
Dr $ Cr $
01-Jan Balance b/d 93 12-Jan Sales returns 94
10-Jan Invoice 235 31-Jan Balance c/d 234
––––– –––––
328 328
––––– –––––
01-Feb Balance b/d 234
–––––

C Bloggs
Dr $ Cr $
01-Jan Balance b/d 294 14-Jan Cash 125
Discount 5
31-Jan Balance c/d 164
294 294
––––– –––––
01-Feb Balance b/d 164

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