| A | B |
|---|
| invoices received for sales $13500 | accounts receivable increas $13500, Gst increases $`1500, sales increases $12000 |
| interest owing on loan $200 | increase interest $200 create accrued expenses |
| depreciation on shop fittings $3500 | increase accumulated depreciation $3500, create depreciation on shop fittings $3500 |
| rent paid in advance $1000 | decrease rent $1000, create prepayment $1000 |
| invoices owing for purchases $5400 | create accounts payable $5400, decrease GST $500, increase purchases $4900 |
| insurance paid in advance $450 | decrease insurance $450, create prepayments $450 |
| dividends owing $300 | add $300 to dividends, create Accrued income $300 |
| sales wages owing $2000 | add $2000 TO SALES WAGES, create accrued expenses |
| invoices on hand for fees received $7200 | create accounts receivable $7200, add $800 to GST, add $6400 to fees |
| depreciation 10% of vehicles $50000 | create depreciation on vehicles $5000, add $5000 to accumulated depreciation |
