Brian Stones runs a small retail business. In your ledger write up the double entry accounts needed to record the following transactions for the month of March 20-8. At the end of the month balance the accounts and extract a trial balance as at 31 March 20-8:

Mar 1 Commenced business with £6,000 in a business bank account 2 Bought office fixtures costing £400, paying by cheque 3 Bought goods on credit from Thompson Ltd £840 5 Paid rent £420 by cheque 6 Cash sales £400 8 Paid insurance £74 by cheque 9 Paid wages in cash £45 10 Bought goods costing £200, paying in cash 11 Bought goods on credit from Thompson Ltd £600 14 Cash sales £210 16 Returned goods to Thompson Ltd £45 18 Paid Thompson Ltd the balance on their account by cheque 20 Sold goods on credit to S Lawson £440 26 Paid wages in cash £45 27 S Lawson returned goods £40 28 Withdrew £60 in cash for private use 31 S Lawson settled his account in full hy cheque