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DULUNUN TASIDIUIDUUU Question 1. The following transactions relate to Philip's enterprise for the 2018. ate...

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DULUNUN TASIDIUIDUUU Question 1. The following transactions relate to Philip's enterprise for the 2018. ate to Philip's enterprise for the month of January, -3 Jan 1 Philip commences business introducing Gh 10,000 cash -2 Bought a motor vehicle costing Gh 4000 which cash was paid Bought stock for GC 2,000 and paid cash Sold all the stock bought on day 3 for GhC 3,000 cash Bought stock for GC 4,000 on credit 6 Sold half of the goods bought on Day 5 on credit for GhC 2500 Pays Gh 2,000 to his trade creditor 8 Receives Gh 1000 from a debtor Proprietor draws GhC 750 in cash 10 Paid rent of GhC 400 in cash 11 Receives a loan of Gh 6,000 repayable in two years 12 Paid cash of GhC 300 for insurance You are required to post the above transactions to the relevant ledgers, balance the accounts and extract a trial balance

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