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Can you draw up a transactional analysis chart from the following transactions and draw up ledgers Summative Assessment 2 Project 1 Analysis the following transactions

Can you draw up a transactional analysis chart from the following transactions and draw up ledgers

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Summative Assessment 2 Project 1 Analysis the following transactions and do the requirements as follows: Date: Transactions 05/03/15 Owner wrote a cheque of K50, 000 from his personal account to deposit into his desired business account to kick start his dream business. 07/03/15 Business purchased a motor vehicle for K30, 000. Made a down payment of K10, 000 and the balance on credit from Ela Motors. 08/03/15 Bought stocks worth K10, 000 with K8, 000 cash and the balance on account from Supplier Limited. 10/03/15 Of the balance owed to Ela Motors K15, 000 was paid to settle part to ease off liability. 11/03/15 Sold and earned K15, 000 from Customer Limited; received K10, 000 upfront and balance yet to collect. 14/03/15 Paid K1, 000 rental for the first month to the landlord. 18/03/15 Received full payment from customer limited. 20/03/15 The owner needed and got K500 in cash and K700 in kind (stock) for personal use. Requirements: 1. Analysis the above transactions and prepare a transactions analysis chart. 11. Draw the ledger accounts; for the Cash @ Bank account ledger you use "T" format and for the rest you use columnar format. Extract a trial balance. IV. Prepare financial statements: 1. Profit and Loss Statement 2. Balance Sheet

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