Prepare the double entries (not the T-accounts) for the following transactions using the format: Date July 1

Prepare the double entries (not the T-accounts) for the following transactions using the format:

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Date July "1 "I 11 "1 "1 "I "1 "1 "1 11 "1 "1 "" "1 "1 Account name Account name 1 Started in business with £5,000 in the bank and £1,000 cash. Bought stationery by cheque £75. 2 3 Bought goods on credit from T Smart £2,100. 4 Sold goods for cash £340. 5 Paid insurance by cash £290. 7 Bought a computer on credit from J Hott £700. Paid expenses by cheque £32. 8 10 Sold goods on credit to C Biggins £630. 11 Returned goods to T Smart £550. 14 Paid wages by cash £210. 17 Paid rent by cheque £225. 20 Received cheque £400 from C Biggins. 21 Paid J Hott by cheque £700. 23 Bought stationery on credit from News Ltd £125. 25 Sold goods on credit to F Tank £645. 31 Paid News Ltd by cheque £125. Dr £x Cr £x