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Pepsi [2]
3 years ago
12

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

Business
1 answer:
geniusboy [140]3 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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adjective

1.

first in order of importance; main.

"the country's principal cities"

Similar:

main

chief

primary

leading

foremost

first

most important

predominant

dominant

(most) prominent

key

crucial

vital

essential

basic

staple

critical

pivotal

salient

prime

central

focal

premier

paramount

major

ruling

master

supreme

overriding

cardinal

capital

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ultimate

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highest

utmost

top

topmost

arch-

number-one

Opposite:

minor

subordinate

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chairman

chairwoman

managing director

MD

president

director

manager

employer

head

leader

ruler

controller

head honcho

gaffer

governor

guv'nor

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a sum of money lent or invested, on which interest is paid.

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