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1 Jan 2017 The Company started its business by issuing 10,000 share for 5 each. The share money received were deposited into the bank account.

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1 Jan 2017 The Company started its business by issuing 10,000 share for 5 each. The share money received were deposited into the bank account. 2 Jan 2017 The Company hired a staff with the following salary pakages: Accountant: 1500/- a month.Operatonal Staff 5000/ month(5 persons, 1,000 each) Helping Staff 2000/- a month (4 [ersons, 500, each person) 4 Jan 2017The company purchased Inventory for 10,000 paying 5,000 in cash and and remaing 5,000 on credit from Fulton Ltd. 8 Jan 2017The Company purchased Office Equipments for 15,000/- on credit from Index Furniture. 10 Jan 2017 The Company purchased Computers for its employees costing 5000 and paid through cheque. 11 Jan 2017 The Company Leaased a delivery van from the bank, the market value of the car is 20,000 and company paid 20% down payment. Monthly intallments are 1,000 a month to be paid at the end of the month, 5% interest is included in the installment payment 5 12 Jan 2017 - The company received its first order from the client BZD Ltd. for 2,500, goods delivered to the client and received a cheque and banked it. The company sells its goods at a profit margin of 40% 15 Jan 2017 - The Company paid 500 for the fuel and repair and maintenance of the delivery van. 18 Jan 2017. The Company received another oder for 1500 from Zayab Ltd. Goods delivered and cheque received and banked. 25 Jan 2017 . Cheque paid to Index Fumiture for 10,000 31 Jan 2017 - Accrued Office Rent 1,000 31 Jan 2017 - Paid monthly installment of the delivery van. 31 Jan 2017 - Accrued utlities for the month of Jan for 1,000, 31 Jan 2017 - Accrued Salaries & Wages for the month. You are required to:1. Record journal entries to approriate chart of account. 2. Prepare Ledger accounts

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