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Breece Co. Ltd was established on the 1st of July 2020 with an authorized share capital of 50,00010% preference shares at $4 each and 250,000 ordinary shares at $2 each. The accountant provided the following balances at 1st July 2022 : 4 . Received ful settiement from K. Lorde lens 10s sseount by deque. Purchased poods for caih $1,800. 14,900 . posmert of \$15,000 was immediately made by cheque. Breere Ca. Ltefs tooks. br cheque. Br dheoue. 15 Paid advertiang $500cash 16 5. Vargin indiated that goods wath a lis price of $240 wert dinoget A credt note was sort to her to reflect the trancaction. These goob = ariginaly selte on Jhy? an the book wolle setticmert for poods which cost 51,570 . 20 Sold 59,000 in goods to F. Plogot. He paid onettind of thes value in conch. The terms and conditions were 10 pil net 30 . 21. A tenant pad the business 94,500 by dregke for ment. 21 Bought goods on credit from G. Bultad 31,200 , and C. Hasel st, 70 . thare by cheove. 24 T. Durant roturned goods coeting is, 800 (these goods were a pat of the Broece and Ca. ind recelved a credt note from G. Baltard for $2,450. 26. 5. Mlane poid hart of her debt by dieque ater deducting a 25 discuit. 28 The ban interest inared for the month was paid fram the busieens bark account. PASE CO TO TME NExT Pace 2 dinter tork trander. 31. The accountant informed managonent that the overdaft linit wib the bars. wethenert at at later dien. REQUIRFD: a) Write up the opening entries to determine the value of the Ordinary Share Capital. [3 marka) b) Alecord the abeve transactions in the relevant joumals for the moneh of 2uly. (2) marks) c). Post all the opening entries and trancactions reconded in the journals to the appropriate ledgen. (20 mirka) d) Balance all accounts in the ledgers and derive s trial halance at 31=3M 2022. (10 marka) Breece Co. Ltd was established on the 1st of July 2020 with an authorized share capital of 50,00010% preference shares at $4 each and 250,000 ordinary shares at $2 each. The accountant provided the following balances at 1st July 2022 : 4 . Received ful settiement from K. Lorde lens 10s sseount by deque. Purchased poods for caih $1,800. 14,900 . posmert of \$15,000 was immediately made by cheque. Breere Ca. Ltefs tooks. br cheque. Br dheoue. 15 Paid advertiang $500cash 16 5. Vargin indiated that goods wath a lis price of $240 wert dinoget A credt note was sort to her to reflect the trancaction. These goob = ariginaly selte on Jhy? an the book wolle setticmert for poods which cost 51,570 . 20 Sold 59,000 in goods to F. Plogot. He paid onettind of thes value in conch. The terms and conditions were 10 pil net 30 . 21. A tenant pad the business 94,500 by dregke for ment. 21 Bought goods on credit from G. Bultad 31,200 , and C. Hasel st, 70 . thare by cheove. 24 T. Durant roturned goods coeting is, 800 (these goods were a pat of the Broece and Ca. ind recelved a credt note from G. Baltard for $2,450. 26. 5. Mlane poid hart of her debt by dieque ater deducting a 25 discuit. 28 The ban interest inared for the month was paid fram the busieens bark account. PASE CO TO TME NExT Pace 2 dinter tork trander. 31. The accountant informed managonent that the overdaft linit wib the bars. wethenert at at later dien. REQUIRFD: a) Write up the opening entries to determine the value of the Ordinary Share Capital. [3 marka) b) Alecord the abeve transactions in the relevant joumals for the moneh of 2uly. (2) marks) c). Post all the opening entries and trancactions reconded in the journals to the appropriate ledgen. (20 mirka) d) Balance all accounts in the ledgers and derive s trial halance at 31=3M 2022. (10 marka)

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