Joseph McKenzie started a new business on 1 August. In your ledger write up the accounts needed to record the following transactions.

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Aug 1 Started business with 7,000 in a business bank account Sold goods on credit to Montague Giles priced at 250.64 plus VAT 43.86, total invoice 294.50 3 8 Withdrew 750.00 cash from the bank and put it in the cash till for use in the business 12 Sold goods on credit to D. Towers priced at 402.80 plus VAT 70.49, total invoice 473.29 15 Sold goods on credit to Buywise priced at 268.24 plus VAT 46.94, total invoice 315.18