Group As...374bb7a Samantha McGregor $25,000 Percival Kingdom $25,000 Janet Justice $80,000 Jan 16 Purchased goods on credit from All Traders Co. $160,000 Jan 17 Sold good for cash $75,000 Jan 18 Purchased computer equipment for $30,0000 by cash Jan 21 Sold half the inventory for $100,000cash, funds lodged immediately Jan 25 Rich Richer withdraws $10,000 from the bank for use in the business. Jan 31 Purchased office supplies costing $3,500, cash. Jan 31 Paid shop assistant wages $25,000 by cheque Jan 31 Paid electricity bill for Richie Richer's mother in cash $15,000 III Jan 8 Paid insurance for Jan $7,500 by cheque Jan 14 Sold the remaining inventory for credit as follows: Rochelle Dealer $30000 Samantha McGregor $25,000 Percival Kingdom \$25,000 Janet Justice $80,000 Jan 16 Purchased goods on credit from All Traders Co. $160,000 Jan 17 Sold good for cash $75,000 Jan 18 Purchased computer equipment for $30,0000 by cash Jan 21 Sold half the inventory for $100,000 cash, funds lodged immediately Jan 25 Rich Richer withdraws $10,000 from the bank for use in the business. Jan 31 Purchased office supplies costing $3,500, cash. Jan 31 Paid shop assistant wages $25,000 by cheque Jan 31 Paid electricity bill for Richie Risher's mother in each 515000 III Rrquired: Task 1 Calculate the opening capital for Richie Richer on Jasuary 1, 2022 Task 2 Journalize the above transactions in the general ledger (os marrations requi for the wonth of Janeary 2022 Task 3 Post the transactions to the ledger accounts Task 4 Extract a trial balance at Janeary 31, 2022 The following informatioe is alse avwilable for Jaeuary 31. 2022 1 Wanna Be Rich Trading uses the accruals basis to peepase its bools of accounts, 2 Wanna Be Rich Trading adopts a depreciation policy to depreciate all non-curent assets at the rate of 145 per moeth on a straight-line busis. 3. The bank losn attracts an interest of 24F per anam, payable every six moaths on June 30 and December 31 each year. 4 Richie Richer grve a personal triend clothes valuing $25.000 5 A manual stock count revealed that on January 31; 2022, Wanna Be Rich Trading has closing inventory of $60,000. 6 Richie Rich received a bank statement from his barikers on Jan. 31. 2022 (Appendix 1) Task 5 Prepare the updated Cash Book at Janeary 31, 2022 Task 6 Reconcile the bank account balance with the banks statement balance on Janeary 31, 2022 Task 7 Journalize all adjusting entries, taking inle account cntries from the bank statement as well as any accrual or prepayment during the menth of Januz 2022 Task 8 Prepare the statement of Profit or Less for the period enaling Jasary 31 , Task 9 Prepare the Statement of Financial Position en Jasuary 31, 2022 Presentarion Appendix 1 - Hank Statement from BVI 5 A mazual stock count revealed that on Jamary 31, 2022. Wanna Be Rich Trading has closing iaveatory of $60.000. 6 Richie Rich received a bank; statenseat frocn bis bankers on Jan. 31 , 2022 (Appeedix 1) Task 5 Prepare the updated Cash Book at Jaseary 31, 2022 Task 6 Reconclie the bank account balance with the bank statement balance on Janeary 31, 2022 Task 7 Journalize all adjusting entries, taking into arcount entries frem the bank statement as well as any accrual or prepayment during the mosith of January 2022 Task 8 Prepare the statement of Profit or Loss for the period ending Janeary 31, 202: Task 9 Prepare the Statement of Financial Posation en January 31. 2022 Presentation Appeadix 1 - Bank Statrancat frosn BVI Group As...374bb7a Rurnche nealer asever Samantha McGregor $25,000 Percival Kingdom $25,000 Janet Justice $80,000 Jan 16 Purchased goods on credit from All Traders Co. $160,000 Jan 17 Sold good for cash $75,000 Jan 18 Purchased computer equipment for $30,0000 by cash Jan 21 Sold half the inventory for $100,000 cash, funds lodged immediately Jan 25 Rich Richer withdraws $10,000 from the bank for use in the business. Jan 31 Purchased office supplies costing $3,500, cash. Jan 31 Paid shop assistant wages $25,000 by cheque Jan 31 Paid electricity bill for Richie Richer's mother in cash $15,000 III Group As...374bb7a Samantha McGregor $25,000 Percival Kingdom $25,000 Janet Justice $80,000 Jan 16 Purchased goods on credit from All Traders Co. $160,000 Jan 17 Sold good for cash $75,000 Jan 18 Purchased computer equipment for $30,0000 by cash Jan 21 Sold half the inventory for $100,000cash, funds lodged immediately Jan 25 Rich Richer withdraws $10,000 from the bank for use in the business. Jan 31 Purchased office supplies costing $3,500, cash. Jan 31 Paid shop assistant wages $25,000 by cheque Jan 31 Paid electricity bill for Richie Richer's mother in cash $15,000 III Jan 8 Paid insurance for Jan $7,500 by cheque Jan 14 Sold the remaining inventory for credit as follows: Rochelle Dealer $30000 Samantha McGregor $25,000 Percival Kingdom \$25,000 Janet Justice $80,000 Jan 16 Purchased goods on credit from All Traders Co. $160,000 Jan 17 Sold good for cash $75,000 Jan 18 Purchased computer equipment for $30,0000 by cash Jan 21 Sold half the inventory for $100,000 cash, funds lodged immediately Jan 25 Rich Richer withdraws $10,000 from the bank for use in the business. Jan 31 Purchased office supplies costing $3,500, cash. Jan 31 Paid shop assistant wages $25,000 by cheque Jan 31 Paid electricity bill for Richie Risher's mother in each 515000 III Rrquired: Task 1 Calculate the opening capital for Richie Richer on Jasuary 1, 2022 Task 2 Journalize the above transactions in the general ledger (os marrations requi for the wonth of Janeary 2022 Task 3 Post the transactions to the ledger accounts Task 4 Extract a trial balance at Janeary 31, 2022 The following informatioe is alse avwilable for Jaeuary 31. 2022 1 Wanna Be Rich Trading uses the accruals basis to peepase its bools of accounts, 2 Wanna Be Rich Trading adopts a depreciation policy to depreciate all non-curent assets at the rate of 145 per moeth on a straight-line busis. 3. The bank losn attracts an interest of 24F per anam, payable every six moaths on June 30 and December 31 each year. 4 Richie Richer grve a personal triend clothes valuing $25.000 5 A manual stock count revealed that on January 31; 2022, Wanna Be Rich Trading has closing inventory of $60,000. 6 Richie Rich received a bank statement from his barikers on Jan. 31. 2022 (Appendix 1) Task 5 Prepare the updated Cash Book at Janeary 31, 2022 Task 6 Reconcile the bank account balance with the banks statement balance on Janeary 31, 2022 Task 7 Journalize all adjusting entries, taking inle account cntries from the bank statement as well as any accrual or prepayment during the menth of Januz 2022 Task 8 Prepare the statement of Profit or Less for the period enaling Jasary 31 , Task 9 Prepare the Statement of Financial Position en Jasuary 31, 2022 Presentarion Appendix 1 - Hank Statement from BVI 5 A mazual stock count revealed that on Jamary 31, 2022. Wanna Be Rich Trading has closing iaveatory of $60.000. 6 Richie Rich received a bank; statenseat frocn bis bankers on Jan. 31 , 2022 (Appeedix 1) Task 5 Prepare the updated Cash Book at Jaseary 31, 2022 Task 6 Reconclie the bank account balance with the bank statement balance on Janeary 31, 2022 Task 7 Journalize all adjusting entries, taking into arcount entries frem the bank statement as well as any accrual or prepayment during the mosith of January 2022 Task 8 Prepare the statement of Profit or Loss for the period ending Janeary 31, 202: Task 9 Prepare the Statement of Financial Posation en January 31. 2022 Presentation Appeadix 1 - Bank Statrancat frosn BVI Group As...374bb7a Rurnche nealer asever Samantha McGregor $25,000 Percival Kingdom $25,000 Janet Justice $80,000 Jan 16 Purchased goods on credit from All Traders Co. $160,000 Jan 17 Sold good for cash $75,000 Jan 18 Purchased computer equipment for $30,0000 by cash Jan 21 Sold half the inventory for $100,000 cash, funds lodged immediately Jan 25 Rich Richer withdraws $10,000 from the bank for use in the business. Jan 31 Purchased office supplies costing $3,500, cash. Jan 31 Paid shop assistant wages $25,000 by cheque Jan 31 Paid electricity bill for Richie Richer's mother in cash $15,000