2. Gulf Office Supplies has started a business. During the Month to 30 June 2022 the following transactions occur: 1) 2)

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2 Gulf Office Supplies Has Started A Business During The Month To 30 June 2022 The Following Transactions Occur 1 2 1 (32.77 KiB) Viewed 9 times

2. Gulf Office Supplies has started a business. During the Month to 30 June 2022 the following transactions occur: 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) 13) 14) 15) Introduced £10,000 Capital into the business. Bought goods for £3,500. Sold goods on credit for £2,200 to Gulf PetroChem. Paid wages of £400. Received a £9,000 cash loan from the bank. Bought goods on credit for £5,000 From MegaSupplies Sold goods for £3,500 cash. Bought a delivery van for use in the business costing £5,000. Bought Stationary for £20. Received and paid an electricity bill for £500. Sold goods for £800 on credit to Palm Estates. Paid a supplier £1,800. Received £900 from Gulf PetroChem Repaired the delivery van costing £60. Bought a fork lift truck on credit for £3,500. Required: a) Show the nominal ledger entries (using T-accounts) for the above transactions