1. Write-up the appropriate day books or Journals.

(All cash expenditure under $50 should be recorded as Petty Cash.)

2. Write-up the proper accounting subsidiary books for all information.
3. Open all accounts in the appropriate Ledgers.
4. Balance all accounts and extract a Trial Balance.
5. Prepare the Final Accounts:
   1. Trading and Profit and Loss Accounts
   2. Balance Sheet

R. Sedeno had the following assets and liabilities on 31^st December, 2019.

Items $ Items $

Cash 100 Bank 2,180

Stock 5,900 Petty Cash 120

Furniture and Fittings 6,800 Equipment 3,200

Motor Vehicle 17,500 Premises 40,000

Debtors: Creditors:

L. Robertson 1,900 T. Hosein 250

H. Henry 520 N. Akua 1,200

Transactions during the month of January 2020 were as follows:

1 Paid N. Akuas account less 5% discount by cheque.

2 Bought $20 stamps and $40 in stationery from cash.

3 Withdrew $200 cash from bank for office use.

6 Cash sales $1,600 of which $1,600 was banked.

8 Paid wages $800 and advertising expense $300 by cheque.

14 Robertson paid his account in cash less 3% discount.

He bought a further $400 worth of goods on credit.

16 Received a months rent for a sub-let office $1,500 by cheque.

18 Cash purchase of $1,800.

20 Sedeno drew a $1,250 cheque for private use and made a down-payment of $1,000 to Ocean View Resort for a family vacation in August.

22 Bought a computer $5,000 on credit from T. Hosein.

23 Bought $860 worth of goods from T. Hosein on credit.

Paid for cleaning supplies $36 in cash.

25 Bought a computer desk $3,000 on credit from T. Hosein.

26 Paid wages $1,200 by cheque. Returned $160 of goods bought from T. Hosein on 23^rd January. Paid Hoseins account at the beginning of the month in cash.

28 Sold good to H. Henry invoiced at $600 less 10% trade discount.

Purchase goods $430 on credit from N. Akua.

30 Henry returned $40 of the goods bought the previous day and paid the balance in cash.

Sedeno borrowed $2,000 from his sister C. Sedeno.

31 Petty Cashier is reimbursed.

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Closing stock was counted and value at $4,800.