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4 years ago

Hey guys if someone could help me out with the the third transaction(c), I'd be really grateful.

Business

1 answer:

geniusboy [140]4 years ago

3 0

For the third transaction the journal entry would be
Bank Dr 8000
Trade payables (LL) Cr 8000

In the balance sheet the bank account under assets would increase by 8000 and the trade payables under liabilities would increase by 8000

Note:
(LL)= lenders limited
Dr= debit
Cr= credit

Hope it helps!

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