Question #4 (5 Marks) 1. Enter the following transactions in the Simple cash book of ABC Traders, to calculate balance carried down. Date 2005 Details Amount ($) December 01 Cash in Hand 27,500 December 05 Cash received from Customer 12,000 December 08 Insurance Premium paid 2,000 December 10 Furniture purchased 6,000 December 14 Sold Goods for cash 16,500 December 18 Purchased Goods for cash 26,000 December 22 Cash paid to supplier 3,200 December 25 Sold Goods to customer for cash 18,700 December 28 Cash Deposited into Bank 5,000 December 30 Rent paid 4,000 December 31 Salary paid 5,000