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15 July 20-6 5 Katie is a trader. On 1 October 20-4 she had the following balances in her ledger $ Capital 15000 Inventory 3400
15 July 20-6 5 Katie is a trader. On 1 October 20-4 she had the following balances in her ledger $ Capital 15000 Inventory 3400 Fixtures and fittings 10100 Trade receivable-Daisy 1110 Trade payable - Zara 1760 Loan from AB Finance Bank 2000 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, $1500 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, 5940 28 Katie took goods for her own use, $140 Th 30 Daisy paid the amount due by cheque (math ledger)" Lear 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 In this
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