ACCOUNTING ENTRIES for The Phone Shop UK
1	"Rachel Halcrow" invested 40,750 GBP in "Barclays Bank"
2	"Lincoln Halcrow" invested 30,750 GBP(20,750 in HSBC, 10,000 in Barclays)
3	Paid 2,575 GBP as fees for "Trade License" for the year, from HSBC
4	Rented a building from "Hamptons" for 40,750 GBP for one year
5	Bought 5 phone "Display cabinets" for the company for 2,575 GBP each, from "Wellington Furnitures"
6	Paid 50% advance from "Barclays bank" for the purchase of the Display cabinets
7	Withdrew 1,575 GBP from"Barclays Bank" for Cash Counter
8	Purchased "Stationary Items" for 275 GBP paying Cash
9	Borrowed a bank loan of 30,750 GBP from HSBC payable in 5 years at 3% interest per year
10	Purchased a "Computer" from a department store for 675 GBP paying cash
11	Purchased the following Items from "Nokia"
		1) 25 "Lumia 1320" phones for 475 GBP each
		2) 40 "Lumia 920" phones for 320 GBP each
		3) 35 "Lumia 925" phones for 375 GBP each
12	Paid 50% to "Nokia" from "Barclays Bank"
13	Purchased the following Items from "Samsung"
		1) 50 "Galaxy Note 7" phones for 450 GBP each
		2) 50 "Galary J Max" phones for 250 GBP each
		3) 50 "Galary S7' phones for 420 GBP each
		4) 50 "Galary A9" phones for 320 GBP each
14	Paid 50 GBP for Internet expenses from Cash
15	"Rachel Halcrow" withdrew an amount of 2575 GBP for personal use from "HSBC"
16	Withdrew cash of 5750 GBP from "Barclays Bank" for cash counter
17	Sold the following items to "ETA Trading"
		1) 15 "Lumia 1320" phones for 450 GBP each
		2) 25 "Lumia 920" phones for 360 GBP each
		3) 30 "Galary S7' phones for 470 GBP each
		4) 30 "Galary A9" phones for 365 GBP each
18	Received full amount from "ETA Trading" in "Barclays Bank"
19	Paid Electricity expenses of 1,750 GBP from "HSBC"
20	2 "Galaxy A9" phones were stolen from the store. Amount is expensed under "Inventory Loss"
21	Purchased the following Items from "HTC"
		1) 40 "HTC One E9" phones for 275 GBP each
		2) 45 "HTC One M9" phones for 250 GBP each
		3) 40 "HTC 10" phones for 420 GBP each
		4) 40 "HTC Butterfly" phones for 180 GBP each
22	Sold the following items to "EROS Group"
		1) 35 "HTC One E9" phones for 250 GBP each
		2) 30 "HTC 10" phones for 480 GBP each
		3) 40 "Galaxy Note 7" phones for 505 GBP each
		4) 40 "Galary J Max" phones for 295 GBP each
23	Received full amount from "EROS Group" in "Barclays Bank"
24	Paid full amount to "Samsung" for the phones purchase from "Barclays Bank"
25	Paid Balance 50% to "Nokia" from "Barclays Bank"
26	Received a Government Grant of 10,750 GBP for quality awards as Cash
27	Deposited 7,575 GBP in "HSBC"
28	Paid 250 GBP for plumbing repair works from Cash
29	Paid salary for 3 staff, 650 GBP each from HSBC
30	Paid principle and interest for 1 month for the bank loan from "HSBC"
31	Paid "Medical expenses" of 250 GBP for 1 staff from Cash
32	Purchased the following Items from "Apple"
		1) 50 "Iphone 6S" phones for 550 GBP each
		2) 40 "Iphone 5S" phones for 515 GBP each
		3) 40 "Iphone 4S" phones for 420 GBP each
		4) 25 "Iphone 4" phones for 350 GBP each
33	Paid 25% to "Apple" from "Barclays Bank"
34	Paid 50% balance payment to "Wellington furnitures" for the purchase of display cabinets from "HSBC"
35	"EROS Group" returned 2 defective "HTC 10" phones, Sales return
36	Paid "EROS Group" the amount due for the 2 returned phones from "Barclays Bank"
37	Written off the 2 defective HTC phones as "Inventory Loss" Expense
38	Paid "Miscellaneous Expenses" of 150 GBP from Cash
39	Sold the following Items from "Electro Inc"
		1) 35 "Iphone 6S" phones for 615 GBP each
		2) 38 "Iphone 5S" phones for 550 GBP each
		3) 25 "Iphone 4S" phones for 460 GBP each
		4) 20 "Iphone 4" phones for 390 GBP each
40	Received 75% of the amount from "Electro Inc" in "HSBC"
41	Invested 5150 GBP in Shares belonging to FTSE Company from "HSBC"
42	Paid the shop rent for 1 month to "Hamptons" from "Barclays Bank"
43	Received the balance 25% from "Electro Inc" in "Barclays Bank"
44	Opened a New Bank account at "Royal Bank of Scoltland" and transferred 5,150 GBP from "HSBC"
45	Rented a car for 10 days for 15 GBP per day, paid cash
46	Closed "Barclays Bank" account and transferred the balance in the bank to "Royal Bank of Scotland"
47	Paid another 25% payable to "Apple" from "Royal Bank of Scotland"
48	Booked a depreciation expense of 2,000 GBP
49	Deposited the Balance cash-in-hand in "HSBC"

find Deposited balance cash in hand in "Royal bank of Scotland"