1
Record the following details relating to a carpet retailer for the month of November 2007
and extract a trial balance as at 30 November 2007:
2007
Nov 1 Started in business with £15,000 in the bank.
3 Bought goods on credit from: J Small £290; F Brown £1,200; T Rae £610; R Charles
£530.
5 Cash sales £610.
6 Paid rent by cheque £175.
7 Paid business rates by cheque £130.
11 Sold goods on credit to: T Potts £85; J Field £48; T Gray £1,640.
17 Paid wages by cash £290.
18 We returned goods to: J Small £18; R Charles £27.
19 Bought goods on credit from: R Charles £110; T Rae £320; F Jack £165.
20 Goods were returned to us by: J Field £6; T Potts £14.
21 Bought van on credit from Turnkey Motors £4,950.
23 We paid the following by cheque: J Small £272; F Brown £1,200; T Rae £500.
25 Bought another van, paying by cheque immediately £6,200.
26 Received a loan of £750 cash from B. Bennet.
28 Received cheques from: T Potts £71; J Field £42.
30 Proprietor brings a further £900 into the business, by a payment into the business bank account.