Jan 22 Purchased on credit from Peter & Co. for €1,500 Debit Purchases Account – €1,500 Credit Peter & Co. Account – €1,500 Jan 23 Paid rent by cheque €600 Debit Rent Account – €600 Credit Bank Account – €600 Jan 24 Returned goods to Peter & Co. to the value of €50 Debit Peter & Co. – €50 Credit Purchases Returns – €50 Jan 25 Sold goods on credit to K Shields €200 Debit K. Shields Account – €200 Credit Sales Account – €200 Jan 26 The owner of the business withdrew for the bank account for own €500 personal use Debit Drawings Account – €500 Credit Bank Account – €500 Jan 27 K. Shields returned goods to the value of €35 Debit Sales Returns Account – €35 Credit K. Shields – €35 Jan 28 Purchased goods on credit from Denver Ltd €1,000 Debit Purchases Account – €1,000 Credit Denver Ltd – €1,000 Jan 29 Paid Denver Ltd and received discount which cleared the €950 €50 account Debit Denver Ltd Account + – €950 €50 Credit Bank Account – €950 Credit Discount received Account – €50 Jan 30 Sold goods on credit K. Shields for €80 Debit K. Shields Account – €80 Credit Sales Account – €80 Jan 31 K. Shields cleared her account and was allowed 5% discount Debit Bank Account – €233 Debit Discount Allowed Account – €12 Credit K. Shields Account + – €233 €12
Jan 22 Purchased on credit from Peter & Co. for €1,500 Debit – Purchases Account €1,500 Credit – Peter & Co. Account €1,500 Jan 23 Paid rent by cheque €600 Debit – Rent Account €600 Credit – Bank Account €600 Jan 24 Returned goods to Peter & Co. to the value of €50 Debit – Peter & Co. €50 Credit – Purchases Returns €50 Jan 25 Sold goods on credit to K Shields €200 Debit – K. Shields Account €200 Credit – Sales Account €200 Jan 26 The owner of the business withdrew €500 for the bank account for own personal use Debit – Drawings Account €500 Credit – Bank Account €500 Jan 27 K. Shields returned goods to the value of €35 Debit – Sales Returns Account €35 Credit – K. Shields €35 Jan 28 Purchased goods on credit from Denver Ltd €1,000 Debit – Purchases Account €1,000 Credit – Denver Ltd €1,000 Jan 29 Paid Denver Ltd €950 and received €50 discount which cleared the account Debit – Denver Ltd Account €950 + €50 Credit – Bank Account €950 Credit – Discount received Account €50 Jan 30 Sold goods on credit K. Shields for €80 Debit – K. Shields Account €80 Credit – Sales Account €80 Jan 31 K. Shields cleared her account and was allowed 5% discount Debit – Bank Account €233 Debit – Discount Allowed Account €12 Credit – K. Shields Account €233 + €12
Worksheets%20PDST%20Accounting.docx