1
Enter the following transactions of an antiques shop in the accounts and extract a trial balance
as at 31 March 2008.
2008
March 1 Started in business with £10,000 in the bank.
2 Bought goods on credit from the following persons: V Gott £490; S Trout £790; A
Wills £870.
5 Cash sales £920.
6 Paid wages by cheque £120.
7 Sold goods on credit to: T Blue £310; F Bin £430; K Loy £590.
9 Bought goods for cash £230.
10 Bought goods on credit from: S Trout £540; A Wills £1,190.
12 Paid wages by cheque £120.
13 Sold goods on credit to: F Bin £730; K Loy £380.
15 Bought shop fixtures on credit from Shelf Ltd £610.
17 Paid S Trout by cheque £1,330.
18 We returned goods to A Wills £42.
21 Paid Shelf Ltd a cheque for £610.
24 K Loy paid us his account by cheque £970.
27 We returned goods to V Gott £32.
30 P Fair lent us £2,000 by cash.
31 Bought a van paying by cheque £7,240.