• Write down the transactions relating to the ledger postings above
• Journalize the entries
• Using an email format, advise the owner of the business drawing on evidence from the balances in the T accounts.
• What would the balance be on the Bank T-Account as at9^th January 2022. Show workings.

Transcribed Image Text:

Below is the Ledger of Timothy Kingfisher for January 2022 DR Capital CR Closing balance / c/d 30,000 5/1/2022 Bank 30,000 Total 30,000 Total 30,000 30,000 Opening Bal / b/d DR Bank CR Сapital Closing Bal / c/d 5/1/2022 30,000 6/1/2022 Purchases 20,000 1,000 8/1/2022 Computer Office equipment 3,000 10/1/2022 12,000 Total 30,000 Total 30,000 Opening Bal / b/d 3,000 DR 6/1/2022 Purchases CR Bank 20,000 Closing Bal / c/d 20,000 20,000 20,000 Total Total 20,000 Opening Bal / b/d Below is the Ledger of Timothy Kingfisher for January 2022 DR Capital CR Closing balance / c/d 30,000 5/1/2022 Bank 30,000 Total 30,000 Total 30,000 30,000 Opening Bal / b/d DR Bank CR Сapital Closing Bal / c/d 5/1/2022 30,000 6/1/2022 Purchases 20,000 1,000 8/1/2022 Computer Office equipment 3,000 10/1/2022 12,000 Total 30,000 Total 30,000 Opening Bal / b/d 3,000 DR 6/1/2022 Purchases CR Bank 20,000 Closing Bal / c/d 20,000 20,000 20,000 Total Total 20,000 Opening Bal / b/d

Answer rating: 100% (QA)

1 The transactions relating to the ledger postings above for T... View the full answer