3.11* Jones has been in business since 1 October 2006. The following is a list of her...

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3.11* Jones has been in business since 1 October 2006. The following is a list of her transactions for October 2006:

1.10.06 Capital of £20 000 paid into a business bank account.

2.10.06 Van purchased on credit from Lang for £5000.

6.10.06 Goods purchased on credit from Green for £15 000.

10.10.06 Cheque drawn on the bank for £1000 in order to open a petty cash account.

14.10.06 Goods sold on credit for £6000 to Haddock.

18.10.06 Cash sales of £5000.

20.10.06 Cash purchases of £3000.

22.10.06 Miscellaneous expenses of £500 paid out of petty cash.

25.10.06 Lang’s account settled by cheque.

28.10.06 Green allows Jones a cash discount of £500.

29.10.06 Green is sent a cheque for £10 000.

30.10.06 Haddock is allowed a cash discount of £600.

31.10.06 Haddock settles his account in cash.

Required:

Enter the above transactions in Jones’s ledger accounts.

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