You are to enter the following transactions, completing double entry in the books for the month of May 19X7.

19X7 May 5?

9?

99 99 1

2 3

5 6

10 12 18 Started business with £2,000 in the bank.

Purchased goods £175 on credit from M Mills.

Bought fixtures and fittings £150 paying by cheque.

Sold goods for cash £275.

Bought goods on credit £114 from S Waites.

Paid rent by cash £15.

Bought stationery £27, paying in cash.

Goods returned to M Mills £23.