Question 1 The following extracts were made from the books and records of Sandy Dandy for the year ended 31 December 2005: 1. Cash book summary Receipts R Payments R 13 600 36 280 890 25 000 470 2 220 48 875 2 160 Opening balance Cash sales Interest Additional capital introduced Rental of premises Trade creditors (all for purchases) Telephone and postage Trade debtors (all in respect of sales) Office furniture (purchased 1 July 2005) Carriage inwards Drawings Printing and stationery Salaries (Office) Insurance Closing balances 77 470 2 900 4 980 16 675 450 14 800 3 840 28 670 139 640 139 640 2. Extracts from ledger balances Question 1 The following extracts were made from the books and records of Sandy Dandy for the year ended 31 December 2005: 1. Cash book summary Receipts R Payments R 13 600 36 280 890 25 000 470 2 220 48 875 2 160 Opening balance Cash sales Interest Additional capital introduced Rental of premises Trade creditors (all for purchases) Telephone and postage Trade debtors (all in respect of sales) Office furniture (purchased 1 July 2005) Carriage inwards Drawings Printing and stationery Salaries (Office) Insurance Closing balances 77 470 2 900 4 980 16 675 450 14 800 3 840 28 670 139 640 139 640 2. Extracts from ledger balances