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Q1 The following transactions relate to Carrick Ltd - during March 2022, which is its first month of business. The business has two shareholders Rede

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Q1 The following transactions relate to Carrick Ltd - during March 2022, which is its first month of business. The business has two shareholders Rede and Bridget and employs 18 members of staff. March Transaction 1 Rede invests 75,000 cash into the business. 2 A cash purchase was made for 12,399 from Hughes plc. 3 BT sent a phone invoice of 1,045 to be paid in on the last day of March. 3 A purchase for 5,958 is received from supplier Healy to be paid for in 14 Days 4 A bank loan of 105,000 was received from Northern Bank. 5 Cash sales of 2,125 were made to Hamilton Ltd. 5 The manager pays rent via DD of 6,957 per month. 8 A credit sale was made to Douglas plc, due in 21 days for 13,901 10 A vehicle is bought for 27,695 on 30 Day credit terms from TC Harrison Ltd. 11 Cash Sales of 8,377 were made. 12 An electricity invoice for 974 was received, to be paid immediately. 14 A credit sale was made to Pepper plc for 17,041 15 A Business Rates Invoice was received for 7,560 to be paid immediately. 16 There was another purchase on the same terms from Healy for 12,697 16 Cash Sales of 9,784 were made. 17 An invoice for water rates for 5,711 was received, to be paid in 10 days. 18 Bridget invested 95,000 into the business. 20 Credit sales were made to Pepper Ltd for 8,363 21 Rede returned 12% of Carrick's first purchase from Healy. 21 One member of staff goes pays 614 for stationery. 23 Carrick Ltd bought Machinery for 37,500 to be paid for in 21 days 25 Credit Sales for 11,592 made to Douglas plc on the same terms. 26 Cash sales of 4,159 were banked. 29 Staff are paid wages of 18,645 30 invoice received for 21,1215 for Fixtures & Fittings. This is due to be paid immediately 30 Credit sales of 17,628 were made to Pepper pic. A purchase was made from Healy on the same terms for 13,187 31 Pepper plc returned 27% of their first purchase and then settled payment for their first two invoices. BB 01 Prepare the T Accounts for Carrick 1 td for March 2022 completing the balancing off for each Q1 Prepare the T Accounts for Carrick Ltd for March 2022, completing the balancing off for each Account Q2 Complete the Trial Balance (TB) for Carrick Ltd for the end of March 2022. 1

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