You are required to balance the following accounts:        
                 
  You should enter the balances carried down in the correct place with the correct date.    
                 
  You should enter the totals in the correct places.        
                 
  You should enter the balances brought down in the correct place.      
                 
  You are, however, free to enter numbers and text in any green cell.      
                 
1) Bank    
  June   £ June   £    
  1 Capital 50000 2 Purchases 12500    
  3 Sales 1200 5 Van 5400    
  5 Sales 3400 6 Wages 700    
  9 Loan 25000 7 Electricity 200    
  12 Sales 3600 14 Purchases 6570    
     
     
             
  July   £ July   £    
     
               
                 
  What kind of balance does this account produce?            
                 
2)                
  Purchases    
  June   £ June   £    
  1 Bank 3400    
  3 Bank 1250    
  5 Cash 760    
  9 Cash 340    
  12 Cash 570    
     
     
             
  July   £ July   £    
     
               
  What kind of balance does this account produce?            
                 
3)                
  Sales    
  June   £ June   £    
  1 Cash 430    
  3 Jones 34    
  5 Smith 128    
  9 Bank 59    
  12 Cash 25    
  25 Cash 75    
     
             
  July   £ July   £    
     
               
  What kind of balance does this account produce?            
  How many customers bought on credit?            
                 
4)                
  Stationery    
  June   £ June   £    
  1 Bank 25    
  5 Bank 32    
  7 Cash 45    
  8 Cash 23    
  15 Cash 120    
     
     
             
  July   £ July   £    
     
               
  What kind of balance does this account produce?            
  What kind of account is this?            
                 
5)                
  Commission Received    
  June   £ June   £    
  1 Cash 25    
  3 Jones 27    
  5 Smith 36    
  9 Bank 43    
  12 Cash 120    
  25 Cash 230    
     
             
  July   £ July   £    
     
               
  What kind of balance does this account produce?            
  What kind of account is this?            
                 
6)                
  Smith    
  June   £ June   £    
  1 Sales 35 2 Returns In 20    
  3 Sales 76 15 Discount Allowed 15    
  5 Sales 123 15 Bank 210    
  9 Sales 45    
  12 Sales 230    
     
     
             
  July   £ July   £    
     
               
  What kind of balance does this account produce?            
  What kind of account is this?            
  How much does this customer still owe?            
                 
7)                
  Harper    
  June   £ June   £    
  6 Bank 70 1 Purchases 230    
  12 Bank 130 4 Purchases 780    
  15 Cash 150 12 Purchases 1200    
  24 Returns Out 90 20 Purchases 450    
  27 Returns Out 120 23 Purchases 360    
     
     
             
  July   £ July   £    
     
               
  What kind of balance does this account produce?            
  What kind of account is this?            
  How much do we still owe this supplier?