ACC106 assignment accounting and financial accounting

A Background of the business: Name of the business, address or location, activity of the business B Create business transactions which must comprise of the follow Item 1. 2 contributions of capital by the owner of the business 2 3 credit purchases J. 3 cash purchases 4. 3 credit sales 5. 2 cash sales 6. 2 purchases of non-current [fixed] assets 7. 2 payments to supplier [AP] plus discount received 2 payments by receivables [AR] plus discount allowe 9 4 transactions on payment of expenses 10. 2 transactions on revenue receipt 11 2 transactions on non-current liabilities 12 2 drawings of goods by the owner 13 1 drawing of cash by the owner 14. 2 transactions on sales return 15. 1 transaction on purchases return C Show the double entries for each of the transactions created in Date Particulars Sept 1 Cash [ At 1 Capital [ Ct ] D Record the transactions in the appropriate journals General Journal Purchases Journal Sales Journal NOUS Purchases Return Journal Sales Return Journal Cash Receipts Journal Cash Payments Journal E Post the transactions to the relevant ledgers: General Ledger Purchases Ledger Sales Ledger F Prepare a Trial Balance as at 31 March 2020