Action Accounting
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The Pineapple Pub
Double Entry: Transaction 3 / of 16
Scene 10
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December 6: Jason decided that the appearance of the bar need to be improved. He started by purchasing new furniture worth €18,000. The supplier Flash Sales Limited granted one months credit.
Purchased furniture on credit for €18,000 from Flash Sales Limited on 6th December.
Tick which two ledger accounts should be used.
Bank Account
Capital Account
Creditor - Flash Sales Limited Account
Creditor - Kensington Supplies Limted Account
Debtor - Hampstead Heath Party Hire Account
Discount Allowed Account
Drawings Account
Energy Expenses Account
Equipment Account
Furniture Account
Leasing Expenses Account
Purchases Account
Rent Payable Account
Rent Receivable Account
Sales Account
Wages Account
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The furniture account and a credit account for Flash Sales Limited needs to be updated.
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An asset furniture was bought on credit.
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