Katie is a trader. On 1 October 20–4 she had the following balances in her ledger:
                                                                            $
Capital …..................................................   15000
Inventory ................................................    3 400
Fixtures and fittings ..............................   10100
Trade receivable – Daisy ......................     1110
Trade payable – Zara ............................    1760
Loan from AB Finance ...........................   2000
Bank ..........................................................  4150 debit

a. Enter these balances in the appropriate accounts.

The following transactions took place in October 20–4:

October 2 Bought goods on credit from Zara, $1 500

7 Returned goods to Zara, $80

10 Repaid the loan by cheque

14 Paid Zara a cheque for the amount owing on 1 October 20–4

21 Cash received from sales of goods, paid directly into the bank, $940

28 Katie took goods for her own use, $140

30 Daisy paid the amount due by cheque

b. Enter these transactions in Katie’s ledger. Balance the bank account and Zara’s account and bring down the balances on 1 November 20–4.