Question 3 Ampadu started business as a sole trader on the 2nd of January 2019. The following informatic relates to the business during the first month: January 2: Started business with GLIS8,000 in the bank. 3: Received a loan of GIIS 4.000 from SSB Lid 5: Bought premises by cheque GHS 3,500 6: Bought motor vehicle GIS 3.000 on credit from Toyota Ltd. 8: Bought office furniture by cheque GUS 1,500. 11: Withdrew an amount of GIIS 4.000 from the bank for business used. 15. Bought additional motor vehicle, on credit from Japan Motors for G112.000. 20: Paid the amount owing to Toyota Ltd in full by cheque. 22: Took GII 2.000 out of the cash and put it into the bank. 23: The proprietor withdrew GN 650 cash for private use. 25: Paid part of SSB Lid's loan by cash GIT 1,000. 30: Bought office furniture by chcque GII 1.250. Required: (a) Show the ledger accounts for the following item including the balance transferred to the necessar part of the financial statements. also the balances carried down to the next year. (18 marks) (b)Why is it important to pass adjustment entries in the financial statement? (2 marks)