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A sole trader commenced in business on 1January. The following transactions relate to the month of January: 1 January.Startedthebusinesswith 510,000in cash. 2 January. Bo 10
A sole trader commenced in business on 1January. The following transactions relate to the month of January: 1 January.Startedthebusinesswith 510,000in cash. 2 January. Bo 10 January. Sald.goodsoncreditta thefollowingcustomeCE.3,000 andD E4,000 12 January. Returned goods to the following suppliers: AE 1,000 and B E 2,000. 15 January. Boughtgoods.ancceditfromAfar3,000 andframB.forF4.000 20 January. Sold.goods.on credittaCforE2,000andtoD.forE3,000 24 January. Paid office.expensesof.5,000 incash, 29 January. ReceivedE4,000incashfromCandE.6,000 incashfrom.D 31lanuanx PaidAandBE6.000 andE.8.000respecivelyincash. Required: Complete the relevant ledger accounts and show the relevant balances of the business as at 1 ughtgoods on credit from the following suppliers: A E 6,000 and B E 7,000. February
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