Worked Example

1. The Accounts
for Double Entry
Worked Example

3. 1 May 2012
Started a household machine business putting £25000 into business bank account

4. 3 May 2012
Bought equipment on credit from House Supplies £12000

5. 4 May 2012
Withdrew £150 cash from the bank and placed it in the cash box

6. 7 May 2012
Bought a van paying by cheque £6800.

7. 10 May 2012
Sold some equipment that was not needed at cost of £1100 on credit to J. Rose

8. 21 May 2012
Returned some of the equipment costing £2300 to House Supplies

9. 28 May 2012
J. Rose pays the amount owing £1100 by cheque.

10. 30 May 2012
Bought another van paying by cheque £4300

11. 31 May 2012
Paid £9700 to House Supplies by cheque.

12. Thank You