May
1 Start business with
£20,000 in cash
2 Opened a business bank account with  £12,000 taken from the cash
3 Bough goods on credit to the value of £6,500 from Waterstones
4 Sold good on credit to the value of £560 to a customer: J Stewart
6 The owner took cash for personal use: £75
7 Sold goods on credit to the value of £350 to a customer: G Hill
10 Cash sales made to the value of £150
12 Cash purchases made to the value of £600
14 Sold goods on credit to the value of £340 to:
18 We returned goods previously bought £230 back to:
19 We give a cheque for £3,200
21 Customer returns goods: £175
23 settles his bill paying in cash and we give a discount of 
5 %
25 Pay amount owing by cheque to and we receive a discount of 10 %
27 We receive a cash payment from  £135
29 We pay for  rent by cheque £1,200
Capital
£
£
June
£
Cash
`
£
£
June
£ June
£
Bank
£
£
June
£ June
£
£
£
Drawings
£
£
June
£ June
£
Discounts Allowed
£
£
June
£ June
£
£
£
June
£ June
£
Purchases
May
£
£
June
£ June
£
Returns In
£
£
June
£ June
£
Sales
£
£
June
£ June
£
Returns Out
£
£
June
£ June
£
£
£
June
£ June
£
£
£
June
£ June
£
Discounts Received
£
£
June
£ June
£
       
       
  Trial Balance as at 31st May
    DR CR