Q1. Enter the following transactions in the appropriate ledger books of Ataa Niis Enterprises, completing the double entry for August 2009 and balancing all accounts at the end of the month.

Do not prepare a Trial balance. Balance and close off the accounts at the end of the period bringing down balances to the next period. Failure to do so will lead to loss of points

August 1 Started business with Gh100,000 out of which Gh40,000 was paid into the bank

2 Purchased furniture worth Gh10,000 and machinery for Gh10,000

3 Bought goods for Gh28,000

6 Sold goods for Gh16,000 cash

8 Purchased goods from Manu on credit for Gh22,000

10 Paid telephone bill by cheque for Gh 1000

11 Bought a computer for Gh2,200 from Unity Computers on credit

15 Sold goods for Gh24,000 to Kofi on credit

17 Sold goods to Rose for Gh4,000 on credit

19 Owner withdraws Gh3,000 from bank for personal use

21 Received cash from Kofi for Gh23,800 allowing a discount of Gh200

22 Paid into bank Gh11,600

23 Bought Barclays Shares for Gh6,000 and paying brokers for Gh40

25 Goods worth Gh2,000 found defective were returned to Manu and the balance of Gh20,000 due to them settled by paying with cheque

28 Sold some of Barclays Shares for Gh2,600