Bill Sankey is a sole proprietor who keeps records of his cash and bank transactions. His transactions for the month of March were as follows:

March

1 Cash in hand £400, Cash at bank £6,000.

4 Sankey received a cheque for £1,200 from W. Abbot which was paid directly into the bank. This represented sales.

6 Paid wages in cash £60.

8 Sold goods for cash £300.

10 Received cheque from G. Smart for £600, in full settlement of a debt of £640; this was paid directly into the bank.

11 Paid sundry expenses in cash £48.

14 Purchased goods by cheque for £1,400.

18 Paid J. Sanders a cheque of £190 in full settlement of a debt of £210.

23 Withdrew £25 from the bank to pay the office cleaning company.

24 Paid wages in cash £60.

26 Sold goods for cash £380.

28 Paid salaries by cheque £240.

31 Retained cash amounting to £600 and paid the remainder into the bank.