Write up the asset and liability and capital accounts to record the following transactions

Anonymous
timer Asked: Apr 4th, 2016

Question description

July

1

Started business with $2 500 in the bank

2

Bought office furniture by cheque $150

3

Bought machinery $750 on credit from Planners Ltd

5

Bought a motor van paying by cheque $600

8

Sold some of the office furniture-not suitable for the firm-for $60 on credit to J. Walker & Sons

15

Paid the amount owing to Planners Ltd $750 by cheque

23

Received the amount due from J. Walker & Sons $60 in cash

31

Bought more machinery by cheque $280


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