You are provided with the following journal entries for Wood Industries Limited for the months of March and April 20X1.The previous financial year ended on 30^thJune 20X1.

Date

Particulars

DR

CR

March 2

Cash at Bank

673

Sales

673

5

Purchases

7,650

Accounts Payable

7,650

Discount Received

71

Accounts Receivable

71

14

Motor Vehicle

35,000

Equipment

8,000

Cash at Bank

43,000

25

Accounts Payable

5,233

Cash at Bank

5,233

31

Depreciation

7,500

Accumulated Depreciation

7,500

April 4

Purchases

5,303

Accounts Payable

5,303

Accounts Payable

53

Discount Received

53

Date

Particulars

DR

CR

April 12

Wages expense

8,565

Wages Payable

8,565

April 15

Wages Payable

8,565

Cash at Bank

8,565

April 26

Fuel expense

1.243

Accounts Payable

1,243

Required

Record the above relevant journal entries in the T accounts of Accounts Payable and Cash at Bank onlywhich are provided on the next page.You also need to properly balancethe two accounts at the end of March 20X1(NB there is no need to balance at the end of April).

18 marks

Accounts Payable

March 1

O/Bal

4,309

Cash at Bank

March 1

O/Bal

59,049