Question: Β. Pratt commenced business on 1st January, 1962, with a capital of £3,000 cash. The following transactions took place: Jan.
3 Paid £200 Rent for premises.
6 Purchased good for cash, £160.
7 Purchased goods on credit from W. Davies, £300.
9 Paid Wages, £60.
10 Cash Sales to date, £200.
14 Purchased goods on credit from H. Penn, £600. 15 Sold goods on credit to B. Cooper, £210.
16 Paid Wages, £60.
18 Paid W. Davies in full settlement, £293. Enter these transactions in the accounts of B. Pratt and take out a Trial Balance