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.