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Enter the following transaction, completing the double entry in the books for the month of...

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Accounting

Enter the following transaction, completing the double entry in the books for the month of May 2013: 2013 May1 STARTED BUSINESSwith $18,000 in the bank and $2,000 in cash 2. Purchased goods $580 on credit from D. Monty 3. Bought fixtures and fittings $2,300 paying by cheque 5. Sold goods for cash $280 6. Bought goods on credit $650 from C. George 10. Paid rent by cash $400 12. Bought stationery $90, paying in cash 18. Goods returned to D. Monty $82 21. Received rent of $240 by cheque for the sublet of corner space 23. Sold goods on credit to G. Field for $1,600 24. Bought a van paying by cheque $8,200 30. Paid the months wages by cash $610 31. The proprietor took cash for his own personal use $510

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