B Martin has been in business since 1st December 2021. The following is a list of her transactions for December 2021:
1.12.21: Capital of £20,000 paid into a business bank account.
2.12.21: Van purchased on credit from John for €5000.
6.12.21: Goods purchased on credit from Mary for £15,000.
10.12.21: Cheque drawn on the bank for £1000 in order to open a petty cash account.
14.12.21: Goods sold on credit for €6000 to Stella.
18.12.21: Cash sales of £5000.
20.12.21: Cash purchases of €3000.
22.12.21: Miscellaneous expenses of £500 paid out of petty cash.
25.12.21: John's account settled by cheque.
28.12.21: Mary allows Martin a cash discount of £500.
29.12.21: Mary is sent a cheque for £10,000.
30.12.21: Stella is allowed a cash discount of £600.
31.12.21: Stella settles his account in cash.