Paul Pace set up business on 1st January 2014

Subject:AccountingPrice:17.99 Bought3

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Paul Pace set up business on 1st January 2014. The following transactions took place:

2014

 Jan 1 Paul paid €100,000 as into a business bank account as capital for the business.

2 Bought shop premises by cheque €56,000. 4 Bought shop fittings on credit from Shop Decorators Ltd €7,000.

11 Took €600 out of the bank and put into the cash till.

15 Returned €300 of faulty shop fittings to Shop Decorators Ltd.

20 Paid Shop Decorators Ltd the amount owing to them by cheque.

25 Bought delivery van on credit from KM Motors €25,000.

You are required to enter the above transactions for the month of January 2014 in the ledger of Paul Pace