32 Financial Accounting Fundamental 5.2.2 W Mr. Jato started business on 1/1/2004 with GHC14,250,000 under the business name, Awurade Ye Enterprise. Below are transactions of the business for the month of January 2004 GHC'000 3,750 January 1 Purchased goods paying cash 750 2 Paid rent by cash 7,500 3 Opened a bank account 4 Received a loan from Commerce Bank Ltd. 15,000 10,500 5 Cash Sales 5 Paid wages 300 6 Paid Daakye less 5% discount 1,500 6 Cash banked 3,750 8 Bought goods paying by cheque 5,250 12 Paid travelling expenses 375 12 Paid Postage 75 15 Cash Sales settled by cheque 4,500 18 Received cheque from Dzata & Sons Less 2.5% discount 3,000 20 Paid Otutey & Co. less 5% discount 20 Cash Sales 3,000 20 Paid wages by cash 3,000 Required: 24 Paid for Advertising by cash 26 Withdrawal of cash from bank for office use (a) Write the Cash Book of Awurade Ye Enterprise for the month of January 2004 1,050 750 4,500