Name: _______________________ Topic: Double-entry Bookkeeping WS Bookkeeping 1A 1. Complete the following table: Details Account to be debited Account to be credited Goods bought on credit from T Morgan Purchases T Morgan Goods returned to us by J Thomas Sales Return J Thomas Machinery returned to L Jones Ltd. L Jones Ltd Machinery Goods bought for cash Purchases Cash Van bought on credit from D Davis Ltd. Van D Davis Ltd Goods returned by us to I Prince. I Prince Purchases return D Picton paid us his account by Check. Bank D Picton Goods bought by check Purchases Bank We paid creditor, B Henry, by Check B Henry Bank Goods sold on credit to J Mulling’s. J Mullings Sales 2. You are to write up the following in the books: 2018 July 1 Capital 3 7 F Herd Sales Started in business with $750 cash. Cash 750 Bought goods for cash $110. Cash Purchases Capital / Owner’s Equity Cash 110 Cash Bought goods on credit $320 from F Herd. Purchases 320 10 Sold goods for cash $64. Cash 64 14 Returned goods to F Herd $46. Purchases Return F Herd 46 18 Bought goods on credit $414 from D Exodus. Purchases D Exodus 414 21 Returned goods to D Exodus $31. Purchases Return D Exodus 31 Purchases 110 F Herd Purchases Sales Cash Return out Return out 750 320 64 F Herd 46 D Exodus Purchases 414 D Exodus 31 1 Name: _______________________ Sales 24 Sold goods to B Squire $82 on credit. B Squire 82 Sales B Squire 25 Paid F Herd’s account by cash $274. Cash F Herd 274 Cash 82 F Herd 274 31 B Squire paid us his account in cash $82. Cash B Squire 82 B Squire Cash 82 3. Enter the following transactions in the appropriate accounts: 2016 Aug 1 Capital 2 4 J Watson 5 7 Sales Started in business with $7,400 cash. Cash 7,400 Paid $7,000 of the opening cash into the bank. Cash Bank 7,000 Cash Bought goods on credit $410 from J Watson. Purchases 410 Bought a van by cheque $4,920. Bank Van 4,920 Bought goods for cash $362. Cash Purchases 7,400 Bank 7,000 J Watson Purchases 410 Van Bank 362 Cash 10 Sold goods on credit $218 to L Less. L Less 218 12 Returned goods to J Watson $42. Purchases Return J Watson 42 Sales Capital / Owner’s Equity Cash 4,920 Purchases 362 Sales L Less Return out 19 Sold goods for cash $54. Cash 54 22 Bought fixtures on credit from Firelighters Ltd $820. Fixtures Firelighters Ltd 820 218 J Watson 42 Sales Cash 54 Firelighters Ltd Fixtures 820 2 Name: _______________________ 24 F Holmes lent us $1,500 paying us the money by cheque. Bank F Holmes F Holmes 1,500 Bank 29 We paid J Watson his account by cheque $368. Bank J Watson 368 Bank J Watson 368 31 We paid Firelighters Ltd by cheque $820. Bank Firelighters Ltd 820 Bank Firelighters Ltd 820 1,500 3 Name: _______________________ Topic: Double-entry Bookkeeping WS Bookkeeping 1B 4. Enter the following transactions in the accounts of L Linda: 2017 July 1 Started in business with $20,000 in the bank. Bank 20,000 Capital 2 R Hughes R Hughes lent us $5,000 in cash. Cash 5,000 Capital Bank 20,000 R Hughes Cash 5,000 3 Bought goods on credit from B Brown $1,530 and I Jess $4,162. Purchases B Brown B Brown 1,530 Purchases 1,530 I Jess 4,162 4 Sales 6 8 Sold goods for cash $1,910. Cash 1,910 Sales Cash Took $200 of the cash and paid it into the bank. Cash Bank 200 Cash Sales Sold goods on credit to H Rise $1,374. H Rise 1,374 Sales 10 Sold goods on credit to P Taylor $341. P Taylor 341 11 Bought goods on credit from B Brown $488. Purchases B Brown 488 12 H Rise returned goods to us $65. H Rise Return In 65 I Jess Purchases 4,162 H Rise 14 Sold goods on credit to G Pate $535 and R Sim $262. Sales G Pate G Pate 535 Sales 535 R Sim 262 15 We returned goods to B Brown $94. Purchases Return B Brown 94 Return out 1,910 Bank 200 Sales H Rise 1,374 Sales P Taylor 341 B Brown Purchases 488 Sales Return 65 Sales R Sim 262 B Brown 94 4 Name: _______________________ 5. Enter the following transactions in the accounts: 2019 May 1 Capital 2 B Hind 3 G Smart 5 Sales Started in business with $18,000 in the bank. Bank 18,000 Capital Bank Bought goods on credit from B Hind $1,455. Purchases 1,455 B Hind Purchases 1,455 Bought goods on credit from G Smart $472. Purchases 472 G Smart Purchases 472 Sold goods for cash $210. Cash 210 We returned goods to B Hind $82. B Hind Return out 82 18,000 Sales Cash 210 Purchases return B Hind 82 6 8 Sales Bought goods on credit from G Smart $370. G Smart 370 10 Sold goods on credit to P Syme $483. Sales P Syme 483 Sales Sales 12 Sold goods for cash $305. Cash 305 18 Took $250 of the cash and paid it into the bank. Cash Bank 250 Cash Sales G Smart 370 P Syme 483 Sales Cash 305 Bank 250 Bank 21 Bought a printer by cheque $620. Printer 620 Bank Printer 620 Sales 22 Sold goods on credit to H Buchan $394. R Buchan 394 Sales R Buchan 394 5 Name: _______________________ 23 P Syme returned goods to us $160. Sales return P Syme 160 25 H Buchan returned goods to us $18. R Buchan Return in 18 R Buchan P Syme Sales return 160 Sales return 18 28 We returned goods to G Smart $47. Purchases return G Smart 47 Return out G Smart 47 29 We paid Hind by cheque $1,373. Hind Bank 373 Bank Hind 373 A Cobb Machinery 419 31 Bought machinery on credit from A Cobb $419. Machinery A Cobb 419 6
