Question
The following transactions relate to Pearl-Vivian Enterprises: i. On January 1, 2019, Pearl-Vivian started business with Ghc100m in her bank account. ii. On January 3,
The following transactions relate to Pearl-Vivian Enterprises: i. On January 1, 2019, Pearl-Vivian started business with Ghc100m in her bank account.
ii. On January 3, 2019, she bought a building for Ghc30m.
iii. On January 6, 2019, she bought some goods for Ghc5m from Kofi Abotsi, and agrees to pay for them later.
iv. On January 10, 2019 goods which had cost Ghc1m were sold to Araba for the same amount, the amount to be paid later.
v. On January 13, 2019, goods which cost Ghc5m were sold to Adjovi for the same amount. Adjovi paid for them immediately by cheque.
Show extracts of the Balance Sheet for each transaction, by means of the Accounting Equation
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