Record the following transactions for the month of January of a small finishing retailer, balance-off all the accounts, and then extract a trial balance as at 31 January 2008:

2008 Jan 

1 Started in business with £10,500 cash.

2 Put £9,000 of the cash into a bank account.

3 Bought goods for cash £550.

4 Bought goods on credit from: T Dry £800; F Hood £930; M Smith £160; G Low £510.

5 Bought stationery on credit from Buttons Ltd £89.

6 Sold goods on credit to: R Tong £170; L Fish £240; M Singh £326; A Tom £204.

8 Paid rent by cheque £220.

10 Bought fixtures on credit from Chiefs Ltd £610.

11 Paid salaries in cash £790.

14 Returned goods to: F Hood £30; M Smith £42.

15 Bought van by cheque £6,500.

16 Received loan from B Barclay by cheque £2,000.

18 Goods returned to us by: R Tong £5; M Singh £20.

21 Cash sales £145.

24 Sold goods on credit to: L Fish £130; A Tom £410; R Pleat £158.

26 We paid the following by cheque: F Hood £900; M Smith £118.

29 Received cheques from: R Pleat £158; L Fish £370.

30 Received a further loan from B Barclay by cash £500.

30 Received £614 cash from A Tom.