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QUESTION 1 Jan. 01, 2019 Abigail started business and deposited GH450,000 into a bank account...

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Accounting

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QUESTION 1 Jan. 01, 2019 Abigail started business and deposited GH450,000 into a bank account Jan 10, 2019 Abigail bought a second-hand vehicle for GH20,000 by cheque Jan 20, 2019 Abigail bought goods on credit from Daniel for GH46,500 Jan 25, 2019 Goods costing GHc500 was sold to Claudia for GH500. The amount was to be paid at a later date. Jan 27, 2019 Goods costing GH-200 was sold to John for the sume amount John paid by cheque immediately Jan 28, 2019 Abigail issued a cheque of GH2,500 to Daniel as part payment for the goods she bought on credit Jan 30, 2019 Claudia who owed GH500 for the goods she bought of credit made part payment of GH4250 by cheque Required: a) Identify in each transaction 1. The two accounts involved ii. The accounts to be debited and ii. The accounts to be credited. b) Enter the above transactions in the appropriate ledger accounts (T"accounts) c) Extract a trial balance

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