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Write up the following transactions in the T accounts:
June
1
Started the business with
£25,000
in cash
2
Paid
£12,500
of the opening cash into a business bank account
4
Bought Office Furniture on credit from
Office World
for
£6,700
10
Bought a van paying
£7,800
by cheque
15
Bought equipment from
PC World
on credit
£3,400
18
Returned faulty office furniture costing to
£530
worth
22
Sold some equipment for
£50
cash
26
Paid amount owing to
paying by cheque
27
Took
£3,400
out of the bank and added to cash.
30
Barclays
lent us
£6,000
giving us a cheque.
Capital
June
£
June
£
Cash
June
£
June
£
Equipment
June
£
June
£
Bank
June
£
June
£
Office Furniture
June
£
June
£
PC World
June
£
June
£
Office World
June
£
June
£
Van
June
£
June
£
Barclays
June
£
June
£
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