On 1 January 2019, Mr. Tumfweko started operating a retail shop that deals in fresh vegetables bought from local farmers. He pumped in K350, 000 in the bank and introduced his old van valued at K150, 000 into the business. The following transactions occurred in the month of January, 2019:

2nd Jan: He bought tomatoes on credit from Mashombe farms at K5, 500.

4th Jan: He got a loan of K56, 800 from Shunga bank to buy a cold room vehicle

5Th Jan: He bought stationery by cheque valued at K3, 500 from Kumba book shop

6Th Jan: He sold tomatoes to Shaka ltd at K6, 000

7th Jan: He bought Vegetables from Veggie fresh at K25, 600 paid by cheque

8th Jan: He received interest from his bank Mwamba building society of 5% of his capital

10th Jan: Veggie fresh engaged Mr Tumfweko to sell vegetables on their behalf, for this he received a commission of K15, 500

11th Jan: He paid Jumbe transport K4, 500 by cheque for delivering vegetables valued at K12, 500 to his customer Kauseni Ltd who bought on credit

11th Jan: He introduced cash of K130, 000 into the business which he got from his pension

12th Jan: He sold tomatoes on credit to Bwato Dealers at K11, 700

13th Jan: He received an electricity bill of K23, 000 from ZESCO.

14th Jan: Bwato dealers paid K5, 600 for the tomatoes in cash

15th Jan: He bought Machinery for making tomato paste by cash K42, 700 from Kai Kai Ltd

16th Jan: He bought office furniture from Mapulanga Ltd worth K54, 700 on credit

18th Jan: He paid Mashombe farms K2, 500 by cheque

20th Jan: He sold Vegetables to Bwali Ltd which cost K5, 300 at K6, 500 by cash

21st Jan: He paid salaries to his workers K35, 700 by cheque

23rd Jan: He bought Tomatoes from Jimmy Ltd K13, 500 by cheque and paid K2, 400 to Jumbe transport for bringing them to his shop

24th Jan: He paid rent to Mayanda properties K5, 400 by cheque

25th Jan: He sold goods worth K8, 500 to Manzub Ltd

26th Jan: He got tomatoes from the shop of K4, 200 for his nephew's chilangamulilo

27th Jan: He bought seedlings by cash K3, 600 from Jungle ltd

28th Jan: He bought a building to expand his business from Mamba Properties at K82, 300 by cheque