Estimated Score Score:    
         
  Write up the following transactions in the T accounts:        
               
  July              
  1 Started business with £7,000 in cash      
  3 Bought goods for cash £500        
  7 Bought goods on credit £2,000 from F Spencer    
  10 Sold goods for cash £150        
  14 Returned goods to £350      
  18 Bought goods on credit £420 from H Flick    
  21 Returned goods to £75      
  24 Sold goods on credit £170 to  D Brent    
  25 Paid account £540 by cash    
  26 returned goods £50        
  29 settles his bill paying in cash      
                 
    Capital      
  July   £ July   £    
     
                 
    Cash      
  July   £ July   £    
     
     
     
                 
    Purchases      
  July   £ July   £    
     
     
     
                 
    F Spencer      
  July   £ July   £    
     
     
                 
    Sales      
  July   £ July   £    
     
     
                 
    Returns Out      
  July   £ July   £    
     
     
                 
    Returns In      
  July   £ July   £    
     
                 
    H Flick      
  July   £ July   £    
     
                 
    D Brent      
  July   £ July   £