QUESTION 2

The following transactions relate to Obaa Lizzy Ent for the Month of September 2022. You are required to record the transaction in the respective T-Accounts.

Note: You are not required balance off the accounts.

Sep 1. Bought goods of Ghc 700 by paying cash

Sep 2.Sold goods worth Ghc 1,500 to Apugya Ltd on credit

Sep 5.Bought office furniture and fittings worth Ghc 2,000 on credit from Suro Nipa Ent.

Sep 10. Obaapa Agyeiwaa Ent bought from us Ghc 2,000 worth of goods paying by cheque Sep 15. Owner bought generator set for the Enterprise from her personal coffers

Sep 17.Bought goods for Ghc 1,000 from Huhuhu Ent on agreeing to a credit terms of 30 days

Sep 20.Received Ghc 1,000 cheque from Apugya Ltd, the remaining debt on the account was settled by cheque

Sep 23.Owner took Ghc 1,500 from the business cash to settle her child's school fees.

Sep 25. Paid salary of Ghc 1,200 for the month by cheque

Sep 30. Settled the debt owed Suro Nipa Ent. In full.