According to Simpson Ltds accounting records, the opening bank balance on 1 August was 17,000. The companys activities during the first week of August were as follows:

Sales made on credit, with a total value of 26,400.

Purchases made on credit, with a total value of 18,500.

Cheques received from customers with a total value of 19,800.

Cheques paid to suppliers with a total value of 13,200.

Wages paid totalling 4,000.

In addition, a solicitors letter informed the company that following investigation, a client invoice for 500 should be written off as irrecoverable.

Devise the pair of double-entry postings required to record each transaction. Proceed to post all relevant entries to the bank T account and close this off to identify the bank balance at the end of the week.