Reference no: EM133132634

Question - During the month of June 20x9, the following transactions took place at Bobs' business:

June 1 Bob opened bank account with £100,000 obtained from private resources.

June 4 Van purchased for £30,000 paying by cheque

June 5 Bought goods costing £6,000 on credit from Alice.

June 10 Sold some goods on credit to Daniel for £18,000

June 15 Bob transferred £1600 of the bank account to open a petty cash account

June 18 Bob withdrew £1900 in cash from the bank account for personal use.

June 20 Sold goods on cash to Ebenezer for £20,000

June 23 Bob paid Alice's account by cheque after receiving cash discount of £800

June 25 Daniel returned goods of £1400 to Bob and is allowed a cash discount of £600

June 30 van repairs of £600 paid out of the petty cash.

Required -

Journalise the above transactions.

Post the above transactions in Bobs' ledger accounts of June20x, Close & Balance off the accounts.