Faisal Ahmed commenced business on 7 November 2010 selling flat panel computer monitors. He buys them for £180 each and sells them at £250 each. The Cash account shown below records his receipts and payments in the first week of business. As the bookkeeper you are required to post these transactions to appropriate ledger accounts and check on the accuracy of your posting by extracting a Trial Balance as at 11 November 2010.

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2010 7.11 Capital 10.11 Sales 11.11 Sales 12.11 Balance £ 15,000 4,000 3,000 22,000 9,480 Cash account 2010 7.11 8.11 9.11 Stationery 9.11 Motor vehicle 9.11 Motor vehicle maint 10.11 Purchases 11.11 Advertising 11.11 Wages Rent Office equipment 11.11 Balance c/d £ 1,000 3,000 45 2,500 185 5,040 200 550 12,520 9,480 22,000