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Question Details:
(a) Enter the above transactions in Sven’s ledger accounts, balance off all the accounts
(except for accounts which only have a single entry) and bring forward the
balances as at 15 June 2006.
(
(b) Extract a trial balance as at 15 June 2006.
Sven started in business on 1st June 2006, selling robots and during the first month in
business, the following transactions took place:
1 June Sven transferred £24,000 in cash to the business out of his private
bank account.
2 June Sven opened a business bank account and transferred £18,500 of the
cash in hand into the business bank account.
3 June Purchased computer from McLaren Computers for £2,000 by cheque
4 June Purchased goods costing £2,700 on credit from Faria
6 June Bought 8 robots costing £700 each on credit from Ulrika
9 June Paid one month’s rent of £800 by cheque.
I just need interpretation for the first two, which seem very similar to me.
Thanks and i give maximum points
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