t account analysis 286557

FM Midterm January 2013: T Account Analysis
During 2012 the following events took place for a small distribution company. You are required to
prepare the accounting entries for each event by:
labelling the T accounts with the correct account name
labelling debit and credit on the T account
entering the amount on the correct side of each T account.
You are only required to enter the events as described in 2012; do not attempt to combine all 12 events
into a single financial statement. Note that answers may require more or less than four T accounts.
Explain any assumptions.

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And the following questions are continue as : On December31st the company sells on credit 5000 USD of goods which were bought a month previously at a cost of 3500 USD….