Enter the following transactions in the appropriate accounts: 20X6

Aug 1 Started in business with £7,400 cash.

== 2 Paid £7,000 of the opening cash into the bank.

== 4 Bought goods on credit £410 from J Watson.

== 5 Bought a van by cheque £4,920.

== 7 Bought goods for cash £362.

== 10 Sold goods on credit £218 to L Less.

== 12 Returned goods to J Watson £42.

== 19 Sold goods for cash £54.

== 22 Bought fixtures on credit from Firelighters Ltd £820.

== 24 F Holmes lent us £1,500 paying us the money by cheque.

== 29 We paid J Watson his account by cheque £368.

== 31 We paid Firelighters Ltd by cheque £820.

Apply concept of financial accounting to prepare :

Double entries, T Ac, Trial balance of above transactions.

Question No 2:

Enter the following transactions in the accounts: 20X9

May 1 Started in business with £18,000 in the bank.

== 2 Bought goods on credit from B Hind £1,455.

== 3 Bought goods on credit from G Smart £472.

== 5 Sold goods for cash £210.

== 6 We returned goods to B Hind £82.

== 8 Bought goods on credit from G Smart £370.

== 10 Sold goods on credit to P Syme £483.

== 12 Sold goods for cash £305.

== 18 Took £250 of the cash and paid it into the bank.

== 21 Bought a printer by cheque £620.

== 22 Sold goods on credit to H Buchan £394.

== 23 P Syme returned goods to us £160.

== 25 H Buchan returned goods to us £18.

== 28 We returned goods to G Smart £47.

== 29 We paid Hind by cheque £1,373.

== 31 Bought machinery on credit from A Cobb £419.

Apply concept of financial accounting to prepare: Double entries