QUESTION 1 The bank column of the cash book of Covington Limited revealed the following information for the month of March 2012 Bank Ac March March Bal b/d 4Repairs a/c March 5 Sales a/c 6 Salaries a/c March 8 Sales a/c 9 Security a/c March 12 Sales a/c 13 Salaries a/c March 18 Sales a/c 385,000 125,000 March 950,000 480,000 890,000 130,000 March 990,000 480,000 March 885,000 300,000 March 19 Insurance a/c March 24 Sales a/c 700,000 20 Salaries a/c March 30 Sales a/c 800,000 22 Stationery a/c March 3 Sales a/c 900,000 27 Salaries a/c March 3 Rent a/c400,000 30 Legal fees a/c250,000 March 500,000 March 100,000 March 500,000 March March 3 Bal c/d 4.035,000 6.900,00 6.900.000 April 1 Bal b/d 4,035,000