1. Enter the following transactions, completing the double entry in the books for the month of…

1. Enter the following transactions, completing the double entry in the books for the month of August 2017:

2. Write up the following transactions in the books of J. Dunn:

3. Prepare the double entries (notthe T-accounts) for the following transactions using the format:

July

1 Started in business with £5,000 in the bank and £1,000 cash.

2 Bought stationery by cheque £75.

3 Bought goods on time from T. Smart £2,100.

4 Sold goods for cash £340.

5 Paid insurance by cash £290.

7 Bought a computer on time from J. Hott £700.

8 Paid expenses by cheque £32.

10 Sold goods on time to C. Biggins £630.

11 Returned go14 Paid wages by cash £210.

17 Paid rent by cheque £225.

20 Received cheque £400 from C. Biggins. 21 Paid J. Hott by cheque £700.

23 Bought stationery on time from News Ltd £125.

 25 Sold goods on time to F. Tank £645.

 31 Paid News Ltd by cheque £125.ods to T. Smart £550.