Write up the following transactions in the T accounts:          
                   
                   
  March                
  1 Started business with  £200,000 placed in a business bank account  
  2 Bought a bookshop costing £120,000 paying by cheque    
  3 Bought goods on credit £2,300 from  Waterstones    
  4 Withdrew money from the bank £5,000 and placed in cash till    
  5 Sold goods on credit for £350 to  D Hill    
  7 Bought business insurance for £1,200 paying by cheque.    
  11 Received rent for office space £1,300 by cheque    
  14 Received a commission  £500 the customer paid in cash.    
  17 Cash sales made valuing £600        
  20 Bought goods on credit £1,300 from  Abe Books    
  22 We returned goods valued at £230 to     
  27 returned goods £30        
  28 paid the amount owing in cash.      
  29 The owner withdrew money: £120 from the business bank for peronal use.  
  30 Business paid the amount owing by cheque.    
  31 Paid for repairs to the building £230 by cheque.    
                   
                   
    Capital    
    March   £ March   £    
       
                   
    Bank    
    March   £ March   £    
       
       
       
       
       
       
                   
    Bookshop    
    March   £ March   £    
       
                   
    Purchases    
    March   £ March   £    
       
       
                   
    Sales    
    March   £ March   £    
       
       
                   
    Returns In    
    March   £ March   £    
       
                   
    Returns Out    
    March   £ March   £    
       
                   
    Cash    
    March   £ March   £    
       
       
       
       
                   
    Waterstones    
    March   £ March   £    
       
       
                   
    D Hill    
    March   £ March   £    
       
       
                   
    Insurance    
    March   £ March   £    
       
                   
    Rent Received    
    March   £ March   £    
       
                   
    Commission    
    March   £ March   £    
       
                   
    Abe Books    
    March   £ March   £    
       
                   
    Drawings    
    March   £ March   £    
       
                   
    Repairs    
    March   £ March   £