EXTRA CLASS: Extended Task

Analyse the following and record the transactions into a ledger.

1. Ahmad begin business with cash at bank $10 000.

2. Bought computer for use in business by cheque $2500

3. Sold furniture and received cash $800

4. Purchased goods by cash $200

5. Took goods worth $100

6. Paid insurance by cheque $500

Record the following transactions. Close the cash account and bring down the balance
to the following month.

2022
Apr 1 Hussin started business with cash $1000
5 Bought goods by cash $150
8 Cash sales $300
15 Paid advertising $80
20 Sold goods by cash $200