Identifying Accounts

SELECT THE TWO ACCOUNTS: Bought motor van on credit from Motor Industries valued at $12,000

• Motor Van

• Bank

• Motor Industries

• Purchases

• Sales

SELECT THE TWO ACCOUNTS: Mr. Dill returned goods to us $50

• Return

  Outwards

• Mr. Dill

• Purchases

• Return

  Inwards

• Sales

SELECT THE TWO ACCOUNTS: Withdrew $600 by cheque for personal use

• Cash

• Bank

• Drawings

• Capital

• Sales

SELECT THE TWO ACCOUNTS: Bought office fixtures from Export Limited $150

• Purchases

• Sales

• Export

  Limited

• Office

  Fixtures

• Cash

SELECT THE TWO ACCOUNTS: Purchased some additional equipment on credit for $4,000

• Accounts

  Recievable

• Equipment

• Bank

• Accounts Payable

• Purchases

SELECT THE TWO ACCOUNTS: Purchased goods for resale and paid by cheque $1,200

• Purchases

• Sales

• Goods

• Cash

• Bank

SELECT THE TWO ACCOUNTS: Sales on credit $440

• Cash

• Sales

• Account

  Payable

• Bank

• Account

  Receivable

SELECT THE TWO ACCOUNTS: New fittings were purchased by cheque $1,400

• Purchases

• Bank

• Cash

• Fittings

• Sales

SELECT THE TWO ACCOUNTS: Paid wages $2,000 in cash

• Cash

• Account

  Payable

• Purchases

• Wages

• Bank

SELECT THE TWO ACCOUNTS: Paid accounts payable $200 by cheque.

• Cash

• Account

  Receivable

• Bank

• Purchases

• Account

  Payable