Im having trouble with this question on Trial Balance and I need
some help.
During the month of december 2009, the following transaction
took place:
(ii) credit sales amounted to $5200
(iii) received amount of $5430 from debtors
(iv) paid $40 000 for motor vehicles.
Which one should i debit and credit ?
I have : capital, sales, purchases, purchases returns, motor
vehicle($58 500), cash at bank, insurance, interest paid, premises,
rent received, debtors and creditors.
