Ben Chan owns and runs a Chinese take-away. The following transactions are for his business:

1. Ben pays wages £312 in cash.
2. Cash sales amount to £321.
3. Ben pays cash for rent £200.
4. Ben pays £62 cash for rice, potatoes and meat.
5. Ben withdraws cash £250 for holiday spending money.

Required

Enter the transactions in Ben’s ledger.

It should be obvious that as well as keeping money in the business till, businesses will bank money and will pay many bills by means of cheques. So, as well as having a cash account in the ledger, the business would keep a bank account too.