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John rec'd $ from his clients for last month's bill of $500. What is Dr?
Cr A/P 260
Cr Fees 350 Cr GST Pay'ble 35
Cr Bank 1,000
Dr Bank 500
Dr Tools 2500 Dr GST Rec'ble 250
Dr Bank 40
Dr A/P 1,100
Dr Drawings 5,500
Cathy purchased stationery on credit $260 (total bill). What is Cr?
Cr A/P 260
Cr Fees 350 Cr GST Pay'ble 35
Cr Bank 1,000
Dr Bank 500
Dr Tools 2500 Dr GST Rec'ble 250
Dr Bank 40
Dr A/P 1,100
Dr Drawings 5,500
Mike purchased new tools on credit for $2,500 (GST-Excl). What is dr?
Cr A/P 260
Cr Fees 350 Cr GST Pay'ble 35
Cr Bank 1,000
Dr Bank 500
Dr Tools 2500 Dr GST Rec'ble 250
Dr Bank 40
Dr A/P 1,100
Dr Drawings 5,500
Jack billed clients $350 (GST-Excl). What account/s credited?
Cr A/P 260
Cr Fees 350 Cr GST Pay'ble 35
Cr Bank 1,000
Dr Bank 500
Dr Tools 2500 Dr GST Rec'ble 250
Dr Bank 40
Dr A/P 1,100
Dr Drawings 5,500
Ivan paid wages to his staff of $1,000 (net). What is Cr?
Cr A/P 260
Cr Fees 350 Cr GST Pay'ble 35
Cr Bank 1,000
Dr Bank 500
Dr Tools 2500 Dr GST Rec'ble 250
Dr Bank 40
Dr A/P 1,100
Dr Drawings 5,500
Debra received $40 from a customer for a new hair-cut. What is Dr?
Cr A/P 260
Cr Fees 350 Cr GST Pay'ble 35
Cr Bank 1,000
Dr Bank 500
Dr Tools 2500 Dr GST Rec'ble 250
Dr Bank 40
Dr A/P 1,100
Dr Drawings 5,500
Frank paid for a lawn mowers purchased on credit last months: $1,100. What is Dr?
Cr A/P 260
Cr Fees 350 Cr GST Pay'ble 35
Cr Bank 1,000
Dr Bank 500
Dr Tools 2500 Dr GST Rec'ble 250
Dr Bank 40
Dr A/P 1,100
Dr Drawings 5,500
Vicki took $5,500 cash from her business for personal expenses. What is Dr?
Cr A/P 260
Cr Fees 350 Cr GST Pay'ble 35
Cr Bank 1,000
Dr Bank 500
Dr Tools 2500 Dr GST Rec'ble 250
Dr Bank 40
Dr A/P 1,100
Dr Drawings 5,500
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