6.2 Enter the following transactions of an antiques shop in the accounts and extract a trial bal- ance as at 31 March 20X6. 20X6 March 1 Started in business with CB,000 in the bank. 2 Bought goods on credit from the following persons: L Frank £550; G Byers £290; P Lee £610. Cash sales £510. 5 6 Paid wages in cash £110. 7 Sold goods on credit to: Snow £295; K Park £360; B Tyler £640. Bought goods for cash £120. 9 10 Bought goods on credit from: G Byers £410, P Lee £1,240. 12 Paid wages in cash £110. 13 Sold goods on credit to: K Park £610, B Tyler £205. 15 Bought shop fixtures on credit from Stop Ltd £740. 17 Paid G Byers by cheque £700. 18 We returned goods to P Lee £83. 21 Paid Stop Ltd a cheque for £740. 24 27 We returned goods to L Frank £18. 30 31 B Tyler paid us his account by cheque £845. G Prince lent us £1,000 by cash. Bought a van paying by cheque £6,250.​

Q&A Education