1
Write up the following transactions in the T-accounts of F Fernandes:
Feb 1 Started in business with £11,000 in the bank and £1,600 cash.
2 Bought goods on credit: J Biggs £830; D Martin £610; P Lot £590.
3 Bought goods for cash £370.
4 Paid rent in cash £75.
5 Bought stationery paying by cheque £62.
6 Sold goods on credit: D Twigg £370; B Hogan £290; K Fletcher £410.
7 Paid wages in cash £160.
10 We returned goods to D Martin £195.
11 Paid rent in cash £75.
13 B Hogan returns goods to us £35.
15 Sold goods on credit to: T Lee £205; F Sharp £280; G Rae £426.
16 Paid business rates by cheque £970.
18 Paid insurance in cash £280.
19 Paid rent by cheque £75.
20 Bought van on credit from B Black £6,100.
21 Paid motor expenses in cash £24.
23 Paid wages in cash £170.
24 Received part of amount owing from K Fletcher by cheque £250.
28 Received refund of business rates £45 by cheque.
28 Paid by cheque: J Biggs £830; D Martin £415; B Black £6,100.