I have been out sick and cannot do this question.I have done the first 3 questions but I am unable to do this.Please help me.Enter the following transactions in the accounting records.
May1 Started business with £2000 in the bank
May 2 Bought goods on credit from C. Shaw £900
May 3 Bought goods on credit from F. Hughes £250
May 5 Sold goods for cash £180
May 6 We returned goods to C. Shaw £40
May 8 Bought goods on credit from F. Hughes £190
May 10 Sold goods on credit to G Wood £390
May 12 Sold goods for cash £210
May 18 Lodged £300 of the cash in hand at the bank
May 21 Bought machinery by cheque £550
May 22 Sold goods on credit to L. Moore £220
May 23 G. Woods returned goods to us £140
May 25 L. Moore returned goods to us £10
May 28 We returned goods to F. Hughes £30
May 29 We paid Shaw by cheque £860
May 31 Bought machinery on credit from D. Lee
Your answer should include day book entries (including journal entries), balanced off “T” accounts and trial balance.