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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
£
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