Give examples of financial transactions took place in a product manufacturing business:

a. Business started by depositing money into the bank (1 transaction)

b. An asset purchased for credit (1 transaction)

c. Expenses paid by bank (1 transaction)

d. Income received from other sources (1 transaction)

e. Goods sold on credit (1 transaction)

f. Received cash from debtors (1 transaction)

g. Cash paid to creditors (1 transaction)

h. Withdrew from bank for office use (1 transaction)

2.3. From the financial transactions in the task (2.2), prepare the Pro-forma templates for the following:

a. Journal entries for the above transactions.

b. Post them to the appropriate ledger accounts

c. Prepare the Trial balance from the ledger balances