Thomas Wagner started a new business on 1 July. In your ledger write up the accounts needed to record the following transactions.

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Jul 1 Started business with 8,000 in cash 3 Sold goods on credit to Oakwood Stores priced at 295.26 plus VAT 51.67, total invoice 346.93 7 Paid 7,500 of the cash into a bank account for the business 10 Sold goods on credit to M. Shah priced at 408.70 plus VAT 71.52, total invoice 480.22 14 Sold goods on credit to J. Courtway priced at 197.50 plus VAT 34.56, total invoice 232.06 18 Goods returned by Oakwood Stores for 36.25 plus VAT 6.34, a credit note for 42.59 is issued 24 Received 250.00 in cash from M. Shah 30 Goods returned by J. Courtway for 28.75 plus VAT 5.03, a credit note for 33.78 is issued