Record the following transactions for a new small business for the month of June, balance-off all the

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Record the following transactions for a new small business for the month of June, balance-off all the accounts, and then extract a trial balance as at 30 June.

June 1 Started in business with \(£ 10,500\) cash.

2 Put \(£ 9,000\) of the cash into a bank account.

3 Bought goods for cash \(£ 550\).

4 Bought goods on time from: T. Dry \(£ 800 ;\) F. Hood \(£ 930 ;\) M. Smith \(£ 160\); G. Low \(£ 510\).

5 Bought stationery on time from Buttons Ltd \(£ 89\).

6 Sold goods on time to: R. Tong \(£ 170\); L. Fish \(£ 240 ;\) M. Singh \(£ 326 ;\) A. Tom \(£ 204\).

8 Paid rent by cheque \(£ 220\).

10 Bought fixtures on time from Chiefs Ltd \(£ 610\).

11 Paid salaries in cash \(£ 790\).

14 Returned goods to: F. Hood \(£ 30\); M. Smith \(£ 42\).

15 Bought van by cheque \(£ 6,500\).

16 Received loan from B. Barclay by cheque \(£ 2,000\).

18 Goods returned to us by: R. Tong \(£ 5 ;\) M. Singh \(£ 20\).

21 Cash sales \(£ 145\).

24 Sold goods on time to: L. Fish \(£ 130 ;\) A. Tom \(£ 410\); R. Pleat \(£ 158\).

26 Paid the following by cheque: F. Hood \(£ 900 ;\) M. Smith \(£ 118\).

29 Received cheques from: R. Pleat \(£ 158 ;\) L. Fish \(£ 370\).

30 Received a further loan from B. Barclay by cash \(£ 500\).

30 Received \(£ 614\) cash from A. Tom.

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