Jones has been in business since 1 October 2020. The following is a list of her transactions for October 2020:
1.10.20..................................... Capital of £20,000 paid into a business bank account.
2.10.20..................................... Van purchased on credit from Lang for £5000.
6.10.20..................................... Goods purchased on credit from Green for £15,000.
10.10.20..................................... Cheque drawn on the bank for £1000 in order to open a petty cash account.
14.10.20..................................... Goods sold on credit for £6000 to Haddock.
18.10.20..................................... Cash sales of £5000.
20.10.20..................................... Cash purchases of £3000.
22.10.20..................................... Miscellaneous expenses of £500 paid out of petty cash.
25.10.20..................................... Lang’s account settled by cheque.
28.10.20..................................... Green allows Jones a cash discount of £500.
29.10.20..................................... Green is sent a cheque for £10,000.
30.10.20..................................... Haddock is allowed a cash discount of £600.
31.10.20..................................... Haddock settles his account in cash.
Required
Enter the above transactions in Jones’s ledger accounts.