BBA commenced in business as a market gardener on 1 March. Record the following transactions in the ledger accounts

1 March: paid $70 rent for land for the month of March, from his own funds

3 March: bought equipment on credit for $400 from JKL

4 March: bought plants for $2000, paying from his own funds

8 March: received $100 cash for a talk to the local horticultural society

10 March: sold plants for $1,200 being paid by cheque. A business bank account was opened with this amount

12 March: paid wages of $50 in cash

14 March: bought plants for $800 on credit from BHH

18 March: sold plants for $500 on credit to PB

23 March: paid $100 local business tax by cheque

28 March: paid wages of $20 in cash

31 March: Sold plants for $240, being paid in cash

Question

Record the above transactions in the ledger accounts below:

1.Rent expense

2.Capital

3.JKL

4.Equipment

5.Purchases

6.Sales

7.Cash

8.Bank

9.Wages

10.BHH

11.PB

12.Local business tax