The following transactions are from the books of a corner shop for the month of Jun 2019. 2019 Jun 01 Started in busines

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The Following Transactions Are From The Books Of A Corner Shop For The Month Of Jun 2019 2019 Jun 01 Started In Busines 1 (40.55 KiB) Viewed 11 times

The following transactions are from the books of a corner shop for the month of Jun 2019. 2019 Jun 01 Started in business with capital £25,000 which was paid in the bank. 02 Bought goods on credit from the following: D David £540; C Charlie £87. = - = = = = 04 Sold goods on credit to: H Howard £430; S Sanders £176 06 Sold goods for cash £1,000. 08 Paid rent by bank £420. 09 H Howard paid £250 by cheque. 10 S Sanders paid us £150 in cash. 12 We paid the following by cheque: C Charlie £87; D David £500. 15 Bought stationery for cash £60. 16 Goods returned to us from: S Sanders £26. 17 Bought Motor-car by cheque £6,500. 21 Paid rent by cheque £430. 30 Invested further £5,000 in cash Required: (a) Record the above transactions as Journal entries (b) Post the journal entries into T accounts and balance off the "T accounts" (c) Extract a trial balance as at 31 Jan 2018