On 1 January, 2008 Ajasco set up a business with the following assets and liabilities: Premises GH150m: Fixtures and Fittings GHC50m; Motor Van GH200m; Stock GH250m; Bank loan GH350m; Cash at Bank GH230m; Creditors GHC150m; and Cash in hand GH480m. You are required to show the opening journal entries. Post the following transactions in the ledger and balance the account on 31st January, 2008 1 Adjoa started business with capital of GH10,000 2 She purchased goods from Efua on credit GH42,000 3 She paid cash to Ffua GH1,000 4 She sold goods to Adjoa GH2,000 5 She received cash from Adjoa GH3,000 6 She further purchased goods from Efua GH+2,000 7 She paid cash to Efua GH1,000 8 She further sold goods to Adjoa GH42,000 9 She received cash from Adjoa GH1,000