1
Enter the following transactions in the appropriate accounts:
2006
Aug 1 Started in business with £7,400 cash.
2 Paid £7,000 of the opening cash into the bank.
4 Bought goods on credit £410 from J Watson.
5 Bought a van by cheque £4,920.
7 Bought goods for cash £362.
10 Sold goods on credit £218 to L Less.
12 Returned goods to J Watson £42.
19 Sold goods for cash £54.
22 Bought fixtures on credit from Firelighters Ltd £820.
24 F Holmes lent us £1,500 paying us the money by cheque.
29 We paid J Watson his account by cheque £368.
31 We paid Firelighters Ltd by cheque £820.