QUESTION 2 Mamata owns a business and her financial year ended on 31 December 2021. Below is the transaction related to the month of December 2021. For every transaction below $50, money from petty cash will be used. In addition, the imprest amount for the business is $200. December 1 Mamata started business with a capital of $20,000 which she paid into a business bank account 1 Petty cash restored to imprest amount from bank 2 Paid rent of premises, $650, by cheque 5 Purchased goods, $9,500 on credit from Lodi Road Traders 6 Bought postage stamps of $15 9 Withdrew $150 from the bank account for office use 9 Paid $45 to a supplier, Paul 11 Paid advertising expenses, $90 in cash 13 Sold goods, $4,120 on credit to Central Dealers. Mamata offers 10% cash discount for a payment within 20 days. 15 Paid all amount due to Lodi Road Traders by cheque and received $300 of a cash discount 17 Bought motor vehicles, $5,760 and paid by cheque 18 Paid cleaner of $24 19 Mamata took $300 worth of money from bank for her own personal use 21 Cash sales of $5,600. $3,000 of it was paid into bank immediately 23 Paid a taxi fare of $18 24 Bought $23 of stationery for office 25 Received cheque from Central Dealers for the fully settlement of their debts 29 Mamata brought in $2,000 of cash into the business as an additional capital