Cameron Findlay opens his fishing tackle shop on 1 June 20X8. During that month he makes the following business transactions:

(a) paid $1,500 into a business bank account

(b) paid one months rent of $230

(c) purchased rods for $420, by cheque

(d) purchased nets for $180, by cheque

(e) sold some of the rods for $240 cash

(f) purchased live bait for $10, by cheque

(g) sold live bait for $16

(h) purchased flies for $80, by cheque

(i) paid shop assistants wages of $95

(j) sold some of the flies for $50

(k) paid sundry expenses of $10.

Required:

Record the above transactions in the following ledger accounts (T Account) and prepare the trial balance. Clearly show your working if any.

(1) Cash at bank account

(2) Capital account

(3) Rent account

(4) Purchases account

(5) Sales account

(6) Wages account

(7) Sundry expenses account