The following transactions relate to Pat’s business for the month of December 2020:

Required
(a) Enter the above transactions in Pat’s ledger accounts.

(b) Balance off the accounts as at 31 December 2020.
(c) Bring down the balances as at 1 January 2021.
(d) Compile a trial balance as at 31 December 2020.

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1.12.20 Started the business with £10,000 in cash. 2.12.20 Bought goods on credit from the following suppliers: Grass Seed 10.12.20 Sold goods on credit to the following customers: 12.12.20 15.12.20 20.12.20 24.12.20 29.12.20 31.12.20 £6000 £7000 Fog Mist Returned goods to the following suppliers: £3000 £4000 Grass Seed £1000 £2000 Bought additional goods on credit from Grass for £3000 and from Seed for £4000. Sold more goods on credit to Fog for £2000 and to Mist for £3000. Paid office expenses of £5000 in cash. Received £4000 in cash from Fog and £6000 in cash from Mist. Pat paid Grass and Seed £6000 and £8000, respectively, in cash.