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retaile Record the following transactions for the month of January of a small finishing ance-off all the accounts, and then extract a trial balance as

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retaile Record the following transactions for the month of January of a small finishing ance-off all the accounts, and then extract a trial balance as at 31 January 2016. 2016 Jan bal 1 Started in business with 10,500 cash. 2 Put E9,000 of the cash into a bank account 3 Bought goods for cash 550. 4 Bought goods on time from: T. Dry 800; F. Hood 930; M. Smith 160; G. Low 510. 5 Bought stationery on time from Buttons Ltd 89. 6 Sold goods on time to: R. Tong 170; L. Fish 240; M. Singh 326; A. Tom 204. 8 Paid rent by cheque E220. 10 Bought fixtures on time from Chiefs Ltd 610. 11 Paid salaries in cash 790 14 Returned goods to: F. Hood 30; M. Smith 42. 15 Bought van by cheque 6,500. 16 Received loan from B. Barclay by cheque E2,000. 18 Goods returned to us by: R. Tong 5; M. Singh 20. 21 Cash sales 145 24 Sold goods on time to: L. Fish 130: A Tom 410; R. Pleat 158 26 We paid the following by cheque: F. Hood 900; M. Smith 118. 29 Received cheques from: R. Pleat 158; L. Fish 370. 30 Received a further loan from B. Barclay by cash E500. 30 Received 614 cash from A. Tom

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