SOLUTION: Mr. X commenced business on 1 June 2022. The following transactions took place during the month of June. 1. Introduced cash of $4,000 and a car valued at $1,750. 2. Bought goo

Algebra ->  Finance -> SOLUTION: Mr. X commenced business on 1 June 2022. The following transactions took place during the month of June. 1. Introduced cash of $4,000 and a car valued at $1,750. 2. Bought goo      Log On


   

Question 1201795: Mr. X commenced business on 1 June 2022. The following transactions took place during the month of June.
1. Introduced cash of $4,000 and a car valued at $1,750.
2. Bought goods for cash at a cost of $1,130.
3. Paid wages of $13 and sundry expenses of $2.
4. Sold goods on credit to V for $1,900.
5. Bought goods on credit from W for $85.
6. Bought equipment at a cost of $350.
Answer by ikleyn(52884) About Me  (Show Source):
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