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(a) Record the following transactions in the book of Jameson and balance the account at the end of the month 30 April 2021 (22 marks)

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(a) Record the following transactions in the book of Jameson and balance the account at the end of the month 30 April 2021 (22 marks) April 1 Started business with cash $20 000 April 2 Bought fixtures for cash $ 6000 April 4 Obtained a loan of $8000 from bank April 7 Bought goods worth $280 gross price from Max less $40 trade discount. Purchases return to Max S30 et April 10 April 11 Paid Max a cheque $200 in full settlement of his account. 3 476-16 April 21 Sold goods to Allan invoice price $476 less $16 trade discount April 26 Received a cheque of $450 from Allan after deducting $10 cash discount uso April 30 Paid Rent $86. (b) Using an example explain the following accounting concepts: (i) Prudence (ii) Consistency (8marks

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