please i need this answers right now please!!

otationApp.aspx?Annotation AccessArea- 18 AnnotationOfUserid=0&IsReadOnly-True&LearningObjectid=277967085&Learning Question 1 (a) (0) Explain how the total of the purchased day book is posted to the [2] nominal (general) ledger. (ii) A sole proprietor takes goods costing 1,000 from inventory for [2] his/her own use. The goods would sell for 3,000. Required: How should the proprietor record this in the business books of account? (iii) A McKenzie had the following transactions: Purchase of goods on credit from P Armstrong for 400 Return of goods from D Smith, which were originally a cash sale to D Smith of 700 Required: What would the correct ledger entries be to record these [3] transactions? At 31st December 2019 Flynn's trial balance includes the following balances: (iv) Machinery at cost Vehicles Inventory Trade receivables Trade payables Cash on hand Bank overdraft 14,600 3,850 7,770 9,120 5,800 220 3,340 Required: A Required: Identify Flynn's current asset figure at 31 December 2019. [3] (v) State clearly the Accounting Equation. [1] V2 1920 2020 Northern Consortium UK Ltd. Page 2 of 3 IDBFN001 Financial Accounting 1 (b) Outline the distinction between a shareholder and a director in a public [2] limited company Explain the key advantage of limited liability to investors in a public [2] company. (c) Question 2 I. II. Greenock & Sons commence 1 October 2019 with 1,400 in the bank. During October Greenock has the following receipts and payments: Cash sale: receipt of 120 Payment from credit customer Jones: 610 III. Payment from credit customer Maxwell: 505 Cash sale: receipt of 235 V. Payment to supplier Jackson: 345 VI. Payment to supplier Smith: 195 0) IV. MacBook Pro During October Greenock has the following receipts and payments: I. II. III. IV. V. VI. VII. VIII. Cash sale: receipt of 120 Payment from credit customer Jones: 610 Payment from credit customer Maxwell: 505 Cash sale: receipt of 235 Payment to supplier Jackson: 345 Payment to supplier Smith: 195 Payment of electricity account: 440 Cash received from disposal of old machine: 150 Payment for marketing/advertising campaign: 290 75 withdrawn for petty cash expenses Payment to Paisley Tools Ltd for new machine: 2,000 Receipt of bank loan, credited to account: 1,750 IX. X. XI. XII. Required: (a) Complete a simple cash/bank account clearly showing the closing balance [4] at 31st October (b) Separately, draft the payments side of the cash book with totals further [6] analysed into four appropriate column headings