On the basis of the transactions reported in respect of PQ 2.4 you are required to record these transactions in the Cash account and the Bank account, in a two-column Cash Book.

Data from PQ 2.4:

On 1st April 2010 Bennett started in business selling toys with a capital of £12,000 which he deposited immediately in a Bank account. The following transactions took place during the first week of business:

Required:

Record these transactions in a Cash account and Bank account maintained separately.

Transcribed Image Text:

Date Transaction 1.4 Paid 6 months' rent by cheque no 01 1.4 Paid for shop fittings by cheque no 02 Bought toys by cheque no 03 1.4 2.4 Paid for advertising by cheque no 04 2.4 3.4 3.4 3.4 Received from sales Received from sales Paid cash for shop cleaning Bought toys by cheque no 05 £ Date 3,000 4.4 1,200 4.4 2,400 4.4 240 5.4 5.4 1,200 1,800 140 1,800 ыыыылар 5.4 ம்ம் 5.4 5.4 Transaction Paid electricity by cheque no 06 Received from sales Paid for advertising by cheque no 07 Paid telephone bill by cheque no 08 Received from sales Bennet took cash for personal use Paid weekly wages in cash Deposited into the Bank account £ 270 2,500 124 115 3,400 250 300 7,800