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Denise Morgan began trading as Denise's Dry Cleaning Ltd. on 1 April 2019. The following transactions took place during her first month of business. 1

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Denise Morgan began trading as Denise's Dry Cleaning Ltd. on 1 April 2019. The following transactions took place during her first month of business. 1 April 2 April 3 April 5 April Denise opened a business bank account with 50,000 -60% of which was her own money; the remainder came from a loan from Reuban, a friend. Paid rent on her shop of 500 (by cheque) and acquired six steam cleaning machines from R.U. Clean Ltd. The latter were purchased for 23,000 on 30 days credit, with the proviso that cash payment within 14 days would attract a 3% discount. Purchased cleaning materials (1,050) by cheque. Paid 60 (by cheque) to place an advertisement in the local newspaper, 'The Admag. Made sales of 80,000 - 55% paid in cash; the remainder on credit. Paid R.U. Clean Ltd., in full, in cash. Paid wages of 600 in cash. Received 4,100 cash from trade receivables. Denise withdrew 350 in cash to buy a washing machine for her own use and banked another 8,000 of business cash. A dissatisfied credit customer was unhappy with their garment after cleaning and was refunded the 30 they owed Denise. 10 April 14 April 20 April 23 April 30 April Required Enter the April transactions of Denise's Dry Cleaning in to T accounts Draw up the trial balance at 30 April 2019

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