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accounting Michelle, the sole trader, has business year end of December. The following relates to the Bank ledger account for the month of January 2020:

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Michelle, the sole trader, has business year end of December. The following relates to the Bank ledger account for the month of January 2020: Favourable opening balance N$125 000 (from 31 December 2019) Total credit sales N$35 000 Total payments received N$85 000. Calculate the bank account ledger/T- account balance to be carried forward to February 2020

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