Enter the following transactions in the appropriate accounts: 20X6 Aug 1 Started in business with 7,400 cash.

Enter the following transactions in the appropriate accounts:

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20X6 Aug 1 Started in business with £7,400 cash. 11 11 11 11 11 11 11 11 11 11 11 2 4 5 7 10 12 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. Paid £7,000 of the opening cash into the bank. Bought goods on credit £410 from J Watson. Bought a van by cheque £4,920. Bought goods for cash £362. Sold goods on credit £218 to L Less. Returned goods to J Watson £42.