KWilson started a new business on 1 June 20-7. In your ledger write up the double entry

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KWilson started a new business on 1 June 20-7. In your ledger write up the double entry accounts needed to record the following transactions:

Jun 1 Started business with £10,000 in cash 2 Bought goods costing £500, paying in cash 3 Paid rent of £100 in cash 6 Paid £9,000 of the cash into a business bank account 8 Sold goods on credit to J Stevens £250 9 Received sales commission of £50 in cash 10Purchased goods on credit from A Dawson £329, C Page £172 12 KWilson took £75 cash for his own use 14 J Stevens returned goods £25 15 Bought motor van costing £4,000 on credit from Northtown Garages 16 Returned goods £22 to C Page 18 Paid rates by cheque £150 20 Bought goods £750, paying by cheque immediately 22 Bought stationery £18, paying in cash 23 Sold goods on credit to G Blackman £495 24 K Wilson took £120 by cheque for personal use 26 Sold goods and received £265 in cash 27 Received sales commission £28 by cheque 28 J Stevens paid his account of £225 by cheque 29 G Blackman returned goods to the firm £58 30 Paid motor expenses £55 in cash

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