Bill Cashing sets up practice as an architect, investing £10,000 of his own money into the business and effecting a transfer of that sum from his personal account to his business account at Barclays Bank Ltd. The transfer is effected on 1 January 20X0, the date on which he formally commenced. The following transactions took place in the following month:

Required:

Enter these transactions in Bill Cashing’s accounting records, and test the arithmetical accuracy of your work by preparing a trial balance when you have completed the entries needed to be made.

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Event 12345 619 1 January 1 January 1 January 3 January 4 January 7 January 7 10 January 8 11 January 6 17 January 10 20 January 11 12 30 January 30 January 13 14 30 January 30 January Paid office rent for January 200. Purchased office equipment on account from Equipit Ltd 1,000. Purchased office supplies on account from W Brown for 150. Hired a junior out of school. Surveyed a property for A Bond and sent out an invoice of 50. Decided to transfer his own car to the business at a value of 2,000. Bought petrol for 10, paid by cheque. Took a client to lunch at a cost of 20, and was asked to prepare plans for a new factory for which work he estimated he would earn 1,200. Conducted another property survey for A Bond and invoiced him for 60. Took another prospective client to lunch at a cost of 30, and found that he would not be able to undertake work for that client. Paid the office junior his monthly wage of 70. Sent a cheque to Equipit Ltd for 1,000. Sent a cheque to W Brown for office supplies 150. Banked a cheque received from A Bond for 50.