The following business transactions of Mr Jamela, a sole

trader.

Jan 2021

(1) Brought in cash of RO 50,000 to start up the business

(2) Paid RO 11.000 in cash to Purchase equipment

(5) Purchase of supplies on credit for RO 20000 and 0000 04n

cash from Famy trading

(6) Sale of RO 60,000 on credit to Jamu trading and for cash RO

60000

(8) Paid RO 7800 liability to the Famy trading

(10) Collection of accounts receivable RO 66,000 from Jamu

trading

(17) Paid rent of RO 900 for rent

(19) Paid insurance of RO 8400

(20) Withdraw of RO 7900 for personal use.

You required to:

a

Prepare Journal entries

Post ledger accounts

Trail balances