Problem 15 Bill Cashing sets up practice as an architect, transferring 20,000 of his own money on 1 June 2018 from this personal bank account into a new business bank account with NatMid Bank plc to represent the opening capital of the business. The following transactions took place during June 2018: June 1 - Paid rent for office for June 400 by cheque. June 1 - Purchased office equipment for 2,000, from Equipit Ltd on credit. June 1 - Purchased office supplies, costing 300 from W Brown on credit. June 1-Employed an office junior at a monthly wage of 500. June 5 - Surveyed a property for A Bond and sent out and invoice for 200. June 7 - Decided to transfer his own car to the business at a value of 4,000. June 9 - Bought petrol for the car costing 20, paying by cheque. June 12 - Took a client, P Brosnan, to lunch at a cost of 40, paying by cheque, and was asked to prepare plans for a new factory, for which work he estimated he would earn 5,000. June 16 - Carried out another property survey for A Bond and invoiced him for 240. June 20 - Took another possible client to lunch at a cost of 60, paying by cheque, but found that he would not be able to undertake work for that client. June 23 - Bought further office supplies from W Brown on credit for 100. June 30 - Paid the office junior her monthly wage. June 30- Sent a cheque to Equipit Ltd for 2,000. June 30 - Sent a cheque to W Brown for office supplies for 300. June 30 - Banked a cheque received from A Bond for 200. June 30-Drew out 500 from the bank for personal living expenses. Required: Enter these transactions in Bill Cashing's accounting records, and test the arithmetical accuracy of your work by preparing a trial balance when you have completed the necessary entries.