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Choose one of these transactions, and prepare a one paragraph answer illustrating this
transaction, including an example. (part of q. 6. Give an example of a transaction that results
in…)
(a) Purchasing art supplies on credit from Gordan Harris, an art supplier, which would
increase my art supplies and increase accounts payable.
Question 3.26
In September 2019, Niem Duong opened a car hire business. The following transactions
occurred during the first month of the business (ignore GST).
Required:
(a) Draw up the 12 T-accounts for the transactions above
(b) Prepare a trial balance at 30 September 2019.