Question: Β. Pratt commenced business on 1st January, 1962, with a capital of £3,000 cash. The following transactions took place: Jan.

3 Paid £200 Rent for premises.

6 Purchased good for cash, £160.

7 Purchased goods on credit from W. Davies, £300.

9 Paid Wages, £60.

10 Cash Sales to date, £200.

14 Purchased goods on credit from H. Penn, £600.

15 Sold goods on credit to B. Cooper, £210.

16 Paid Wages, £60.

18 Paid W. Davies in full settlement, £293.

Enter these transactions in the accounts of B. Pratt and take out a Trial Balance.