Question: Write up double entries for this question Write up the ledger accounts Make a trial balance Grace commenced business on June 1 2019 with cash

Write up double entries for this question

Write up the ledger accounts

Make a trial balance

Grace commenced business on June 1 2019 with cash of $5000 and she introduced a car valued at $4500. The following Transactions took place.

1 June Purchased Goods for $1000 cash

2 June Purchased Fixtures and fittings $900 for cash

3 June Purchased goods on credit from Eileen $1500

4 June Sold goods for $1200 cash

5 June Sold goods on credit to Tom for $900

8 June Paid Wages $100 in cash

9 June Bought goods from Eric for $850 on credit

10 June Sold goods to Trevor $800 on Credit

11 June Sold goods on credit to Tom for $1000

12 June Paid Eileen $1350

15 June Tom paid in Full

16 June Purchased $700 goods for cash

17 June Sold $500 goods for cash

18 June Trevor paid $500

19 June Paid wages $150

22 June Paid Eric in Full

24 June Loan received from Guy $1000

25 June Purchased a computer system for $4000

26 June Paid Wages $150

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