construct the double entry accounts for the following transactions of a sole trader 611242

Construct the double-entry accounts for the following transactions of a sole trader and balance off each account at the end of the month:

1-Jul

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Started own business by placing £3,000 into the bank account and immediately transferred £400 into the cash box.

3-Jul

Bought inventory on credit from K Atkinson for £231.

7-Jul

Paid insurance by cheque £500.

10-Jul

Bought inventory for £87, paying by cash.

16-Jul

Sold inventory on credit to H Taylor for £450.

19-Jul

Taylor returns £80 of the inventory.

27-Jul

Paid sundry expenses £120 by cash.

31-Jul

Taylor pays his account in full by cheque.

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