QUESTION 1 (20 Marks Mr. Kavara started a business of selling cell-phones and cell-phone accessories. registered it as Kavara Choice Cellular-Phones. He had the follow ing transactions in 2014. April. 2014 Mr. Kavara started his business with N$152.000 from his personal savings banked in FNB -Rundu branch. 3 He withdrew the follow ing: NS20.000 cash for personal use and NS12.000 for petty business expenses 5 lHe used the entire remaining amount in the bank to buy stock of cellphones for his business. 6 He bought equipment on credit from the follow ing persons: Hi-fi corporation N$13.000: and stock of goods from Cell T Wholesalers NS18.000 10 Mr. Kavara sold several cellphones to customers w ho paid cash. NS16.000 15 He paid the municipality bills of NS3.800. which was made up of NS1.800 (for April ) and N$2.000 (for May) 28 He paid N$17.500 in full setulement of his account at Cell T Wholesalers. 31 The payment for wages had an outstanding amount of NS1.600 Required: Show the journal entries necessary (without narrations) to record the above transactions. assuming that all payments (if not stated otherw ise) were made by cheques. (8) 1.1 1.2 Open only the Bank account of Cell C Wholesalers for the month of April 2014. showing the closing balance. (12)