Mr. Joe started a stationery shop business on 1 Jan 2021 and, entered the

following transactions during the first month:

1 Jan Mr Joe starts business as a sole proprietor with $10,000 in cash

2 Jan he pays $7,500 cash into a business bank account

4 Jan he purchases goods on credit from a vendor 1 for $1,000

6 Jan he purchases goods from vendor 2 on credit for $1,500

7 Jan he pays wages in cash $30

10 Jan he pays shop rent by cheque $40

12 Jan he sells goods for cash $105

16 Jan he buys furniture for $750 paying by cheque

19 Jan he sells goods on credit to ABC organization for $290

22 Jan he buys goods for cash $1,950

24 Jan he buys wooden fittings for cash $300

Pays transportation outwards costs by cheque $12

25 Jan he pays wages by cash $55

He sells goods for cash $215

27 Jan he receives part payment from ABC organization of $165 by cheque

He pays transportation inwards costs by cheque $10

28 Jan he pays advertising by cheque $12

He sells goods for cash $445

29 Jan Sells goods on credit to XYZ organization for $4,045

30 Jan he withdraws $50 cash for his own useList of Account Titles to be used:

Bank

Cash Capital

Purchases

Wages

Rent

Sales

ABC Organization

XYZ Organization

Vendor 1

Vendor 2

Furniture

Fittings

Advertising

Drawings

Transportation inward

Transportation outward

Required:

1.

Prepare ledger account entries to record the transactions.