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Question 4 Reg Brown is a sole trader who operates a small business. The following are his transactions for the month of 2017 December: December

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Question 4 Reg Brown is a sole trader who operates a small business. The following are his transactions for the month of 2017 December: December 1 Sold goods, $680 for cash December 5 Received a loan from the bank, $1 000 December 10 Paid wages of $270 by cash December 11 Sold goods on credit to Armin, $200 December 12 Cash sale, $800 December 13 Purchased goods on credit from Cox for $485 and Layne $560 December 14 Paid Layne $500, by cheque December 26 Received cash of $80 from Armin December 30 Purchased equipment on credit from Equip Ltd for $17 500 December 31 Reg Brown invested a further $7 800 cash in the business Required: A. Post the transactions above in Reg Brown's Ledger and balance the accounts. (17 marks) B. Prepare a Trial Balance for him. (13 marks) (Total 30 marks) yr AC

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