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Prepare the double entries (not the T-accounts) for the following transactions using the format: Date Dr Cr Account name x Account name x July 1

Prepare the double entries (not the T-accounts) for the following transactions using the format:

Date Dr Cr

Account name x

Account name x

July 1 Started in business with 5,000 in the bank and 1,000 cash.

== 2 Bought stationery by cheque 75.

== 3 Bought goods on credit from T Smart 2,100.

== 4 Sold goods for cash 340.

== 5 Paid insurance by cash 290.

== 7 Bought a computer on credit from J Hott 700.

== 8 Paid expenses by cheque 32.

== 10 Sold goods on credit to C Biggins 630.

== 11 Returned goods to T Smart 550.

== 14 Paid wages by cash 210.

== 17 Paid rent by cheque 225.

== 20 Received cheque 400 from C Biggins.

== 21 Paid J Hott by cheque 700.

== 23 Bought stationery on credit from News Ltd 125.

== 25 Sold goods on credit to F Tank 645.

== 31 Paid News Ltd by cheque 125.

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