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QUESTION THREE Enter the following transactions in the books of Dampa Enterprise. Balance off the accounts and extract a Trial Balance as at 31 January,

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QUESTION THREE Enter the following transactions in the books of Dampa Enterprise. Balance off the accounts and extract a Trial Balance as at 31 January, 2020. 2020 JAN I Started business with cash in hand $600 and cash at bank $1,800. LAN 2 Sold goods receiving cash immediately $1.960. JAN 3 Bought goods on credit from Effah Enterprise $ 8,000. JAN 5 Paid insurance by cheque $980. JAN 5 Sold goods on credit to: Nii Lante $1,200; Amerley $ 1,500; Aisha $ 158; and Adjetey Sowah $9,200. JAN 10 Commission received by cheque $ 920. JAN 12 Repairs on building at the proprietor's private residence paid by cash $ 680. JAN 15 Goods returned to Effah Enterprise by Dampa Enterprise $ 186. JAN 20 Received refund of overpayment in insurance by cash $ 180. JAN 24 Goods returned to Dampa Enterprise by: Adjetey Sowah $ 1.450; and Amerley $ 280. JAN 28 Received cheque from Adjetey Sowah representing full payment of his debt

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