The transactions listed below relate to Ken's business for the month of November 2012:

1.11.12 Started the business with £150,000 in cash.

2.11.12 Transferred £14,000 of the cash to a business bank account.

3.11.12 Paid rent of £1000 by cheque.

4.11.12 Bought goods on credit from the following suppliers:

Ace ........£5000

Mace ........£6000

Pace .......£7000

10.11.12 Sold goods on credit to the following customers:

Main .......£2000

Pain .......£3000

Vain .......£4000

15.11.12 Returned goods costing £1000 to Pace.

22.11.12 Pain returned goods sold to him for £2000.

25.11.12 Additional goods purchased from the following suppliers:

Ace .......£3000

Mace ........£4000

Pace .......£5000

26.11.12 Office expenses of £2000 paid by cheque.

27.11.12 Cash sales for the month amounted to £5000.

28.11.12 Purchases paid for in cash during the month amounted to £4000.

29.11.12 Cheques sent to the following suppliers:

Ace .......£4000

Mace .......£5000

Pace.......£6000

30.11.12 Cheques received from the following customers:

Main .......£1000

Pain .......£2000

Vain .......£3000

30.11.12 The following cash discounts were claimed by Ken:

Ace .......£200

Mace .......£250

Pace .......£300

30.11.12 The following cash discounts were allowed by Ken:

Main .......£100

Pain .......£200

Vain .......£400

30.11.12 Cash transfer to the bank of £1000.

Required:

Enter the above transactions in Ken’s ledger accounts.