Question: 1 2 3 4 5 6 4 You are required to show the opening journal entries. Post the following transactions in the ledger and

1 2 3 4 5 6 4 You are required to show

1 2 3 4 5 6 4 You are required to show the opening journal entries. Post the following transactions in the ledger and balance the account on 31st January, 2008 Adjoa started business with capital of GH10,000 She purchased goods from Efua on credit GH$2,000 She paid cash to Efua GH1,000 She sold goods to Adjoa GH2,000 She received cash from Adjoa GH$3,000 She further purchased goods from Efua GH$2,000 She paid cash to Efua GH1,000 She further sold goods to Adjoa GH42,000 She received cash from Adjoa GH1,000 7 8 9 On 1 January, 2008 Ajasco set up a business with the following assets and liabilities: Premises GH150m; Fixtures and Fittings GHC50m; Motor Van GH200m; Stock GH 250m; Bank loan GH350m; Cash at Bank GH4230m; Creditors GH150m; and Cash in hand GH480m.

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