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File Home Insert Cut Copy Paste Format Painter Clipboard A2 1 CASE 2 2 Page Layout Formulas Data Review View Help Calibri 11 v

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File Home Insert Cut Copy Paste Format Painter Clipboard A2 1 CASE 2 2 Page Layout Formulas Data Review View Help Calibri 11 v BIU ' A Font fx A ab Wrap Text General Merge & Center $ % 9 -0 000 .00 Conditional Format as Cell Formatting Styles Insert Delete F Table Alignment Number Styles Cells 3 The following transactions took place during the first week of trading for Charlston: 4 5 1. Started business by depositing 20,000 into the bank account. 6 2. Bought goods for resale and paid 250 by cheque. 7 3. Paid rent of 225 by cheque. 8 4. Sold goods for 650, customer paid in cash. 95. Paid rates 135 by cheque. 10 6. Sold goods on credit to a customer, P Soldy, for 750. 11 7. Bought goods for resale on credit from J Haris for 450. 12 8. Paid wages 75 cash. 13 9. Rceived 550 from a credit customer. 14 10. Purchased a non-current asset and paid 2,000 in cash. 15 11. Paid other expenses in cash at the amount of 30. B C D E F G H | J K 16 17 1LSTOPA222222222 18 Prepare the journal entries to record the transactions. 19 Record the transactions in the nominal ledger accounts. 20 Prepare a trial balance after recording the transactions in the nominal ledger. 21 Clear the balances related to income and expenses to a profit and loss ledger account. 22 Prepare a statement of profit or loss and a statement of financial position. 23 24 25 26 27 28 29 Initial info Journal Nominal ledger accounts Trial balance SPL | SFP

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