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Windhoek (PTY) LTD opened their business on the 1 January 2015. During the first month...

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Accounting

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Windhoek (PTY) LTD opened their business on the 1 January 2015. During the first month of operations the following transactions were recorded. (20 marks) 2. Started the business with NS90 000 of which (NS60 000) is a Loan from FNB and (NS30 000) is personal Cash. They deposited all in the business bank account. Sold goods on credit for NS4 200, the goods Cost price was NS900 and issue a credit invoice #A1001 7. 10. Purchased equipment to the value of NS 79 800 on credit from Kojak Suppliers and 13. Purchased merchandise on credit from Goto Corporation (invoice 1325), NS 72 732 (invoice 0769) paid a deposit of NS 8 000 Retumed a camera, invoiced at NS 456, which was damaged in transit from Goto Corporation and received their credit note number C0172. 15. Issued a cheque for NS 855 to Express Printers for advertising brochures printed 16. Received a cheque for NS 57 from Express Printers with a note that indicated that a calculation error had been made on their invoice (refer 12 August). Required: (a) Journalise the above-mentioned transactions, draw up individual ledger account and close off the ledger accounts. Narratives are not required

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