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3. Questions John Parker is a market trader, the firm's assets and liabilities on 1 August 2020 were as follows: The following list of transactions
3. Questions John Parker is a market trader, the firm's assets and liabilities on 1 August 2020 were as follows: The following list of transactions in that month: 2 Paid $9000 of this opening cash into a business bank account 4 Bought goods for resale on time, $800 from S. Holmes 5 Bought a motor van by cheque, $5000 7 Bought goods for resale, paying cash $500 10 Sold goods $200 to D. Moore for $1000 on time 11 A John took goods from inventory for his own use, cost $300 12 Received loan from D. Watson, $1000 cheque, repayable in 5 years 19 Sold goods for cash, $1200 22 Bought fixture and fittings on time from Kingston Equip Co, $1500 30 Paid Wages, $300 to employee, by bank transfer Require: a. Calculate John Parker's company capital as at 1 August 2020 b. Write down the double entries all transactions. c. Posting to Ledger T-account for all account and closing balance the account
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