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Fofana commenced business on 1st January, 2007 by paying his private savings of D 100,000 into business bank account. Details of his business transactions for

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Fofana commenced business on 1st January, 2007 by paying his private savings of D 100,000 into business bank account. Details of his business transactions for the month of January 2007 wer 8,000 80,000 38,000 6000 350 18,400 800 January 2nd Bought office furniture by cheque 3rd Bought goods for resale by cheque 7th Sold goods for cash 10th Sold goods to James on credit 13th Paid cash for stationery 15th Sold goods for cheque 16h Paid cash for office cleaning 17th Withdrew cheque for personal use 18th Purchased goods by cheque 19th Withdrew cheque for office use 23rd Sold goods for cash 25th Paid salaries by cheque 26th Deposited cash into the bank 27th Sold goods for cash 28th Bought goods from Yaw on credit 5,000 70,500 10,000 52,500 8,100 113,000 19,900 5000 You are required to draw up a Double Column Cash Book. (30 Marks)

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