You are to enter up the necessary accounts for the month of October from the following information relating to a small printing firm. Then balance-off the accounts and extract a trial balance as at 31 October 2017.
2017
October
1 Started in business with capital in cash of £3,600 and £8,400 in the bank.
2 Bought goods on time from: A. Bell £1,220; J. Smith £1,030; T. Hand £348; L. Smart £690; S. long £1,084
4 Sold goods on time to: P. Hunt £680; A. Dexter £1,440; P. Spin £2,304.
6 Paid rent by cash £820.
9 P. Hunt paid us his account by cheque £680.
10 P. Spin paid us £2,000 by cheque.
12 We paid the following by cheque: T. Hand £348; A. Bell £1,220.
15 Paid carriage in cash £76.
18 Bought goods on time from J. Smith £582; L. Smart £1,880.
21 Sold goods on time to A. Dester £1,620.
31 Paid rent by cheque £980.