UK Posting a cash transaction for business takeover

May 27, 2018
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United Kingdom
Hi i need help to post a cash transaction. The business has been recently taken over and £10000 has been paid to the seller for stock and prepaid invoices. The following Journals has been posted to balance sheet as part of opening setup on sage:
JC directors Loan £10000
JD Stock £4000
JD Salaries £2500
JD Prepaid invoices £3500

Now £10000 has been paid out from bank to the seller. How and where shall i post this transaction?

Any help will be much appreciated...


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