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illustration Uche Amadi & Sons Uche Amadi & Sons began business on 1 Jan 2020 with capital of N100,000 at Bank The following transactions occurred

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illustration Uche Amadi & Sons Uche Amadi & Sons began business on 1 Jan 2020 with capital of N100,000 at Bank The following transactions occurred during the month of January 2020: 1-Jan Paid office rent N20,000 1-Jan Bought goods paid by cheque N20,000 2-Jan Sold good for cash to Umeh N10,000 2-Jan Sold goods on credit to Adamu N20,000 7-Jan Adamu returned good N5,000 12-Jan Bought goods on credit from Eze N50,000 20-Jan Bought Computer from XYZ Itd on credit 40,000 23-Jan Adamu paid for goods receiving a cash discount of 5% 24-Jan Bought goods on credit from Eze N100,000 receiving a trade discount of 10% 30-Jan Withdrew cash from bank for office use N20,000 31-Jan Paid salaries N30,000 You are required to enter up the appropriate books, close the books at the end of the month and write up the trial balance

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