The following information is available in respect of the electricity account in the ledger of M. Summers. On 1 July 20-6 there was an unpaid bill for electricity of £287. During the year the following payments were made for electricity, by cheque.

On 30 June 20-7 there was an electricity account outstanding for £350.
You are required to prepare M. Summers’ electricity account for the year ending 30 June 20-7, showing clearly the amount to be transferred to the profit and loss account and the amount to be carried forward to the next financial year.

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20-6 3 15 July 287 8 October 320 20-7 10 January 543 6 April 590