Business bank account and in her first period of trading, the following transactions occurred: K
Transactions
Drawings for cash
1,500
Other expenses all paid in cash
1,900
Paid interest on loan
100
Paid rent of shop for the period
3,500
Purchased goods for resale on credit
5,000
Raised loan from bank
1,000
Sales of goods for cash
10,000
Sold goods on credit
2,500
Payment to trade creditors
5.000
Payment from debtors
1,500
1
Required:
a) Using the information in the case study above, prepare ledger accounts for the above
transactions
trial balance