The following transactions were taken from the records of Trevor Freer, an interior designer, for the month ending 31 May 2015. You are required to design a suitable accounting worksheet for the period.
May 1 Commenced business with cash at bank of $120 000.
2 Invoiced client for work completed $1900.
3 Purchased second-hand vehicle for business $10 000 cash.
5 Received cash payment for services rendered $620.
7 Paid casual wages $700.
8 Paid rent $900.
9 Sent an invoice to a client $1560.
10 Paid electricity $120.
11 Received an invoice from newsagent for stationery $123.
15 Paid rent $900.
16 Paid casual wages $750.
17 Paid gas $106.
18 Received fees for services $680.
19 Received fees for services $1600.
21 Sent an invoice to client $187.
23 Paid rent $900
22 Paid invoice received 11 May.
27 Received account from tradesperson $391 for painting of office.
28 Paid phone bill $200.
29 Sent invoice to client $870.
31 Received inheritance and contributed a further $10 000 into business.