Mr. Tamaa started a business on 1st January 2007.during the first month of trading the following...

 

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Mr. Tamaa started a business on 1st January 2007.during the first month of trading the following transactions took place. Wrote a personal cheque and deposited into the business bank account Sh800,000 Withdrew Sh200, 000 from the bank and put it into the cash till. 2nd Jan, Purchased goods by cheque Sh70,000 3rd Jan, Bought furniture for cash Sh25,000 3rd Jan, Bought equipment on credit Sh75,000 4th Jan, Sold goods for cash Sh100,000 5th Jan, Bought goods and paid by cheque Sh.200,000 6th Jan, Bought a motor van paying by cheque Sh.210,000 10th Jan, Obtain loan from the bank Sh.500,000 12th Jan, Sold goods on credit Sh75,000 16th Jan, Sold goods payment made by cheque Sh.100,000 16th Jan, Received a cheque from a debtor Sh.60,000 30th Jan, Took Sh10,000 from the cash till personal use. Using the given details write up a two column cash book for Mr. Tamaa for the month of January 2007 Mr. Tamaa started a business on 1st January 2007.during the first month of trading the following transactions took place. Wrote a personal cheque and deposited into the business bank account Sh800,000 Withdrew Sh200, 000 from the bank and put it into the cash till. 2nd Jan, Purchased goods by cheque Sh70,000 3rd Jan, Bought furniture for cash Sh25,000 3rd Jan, Bought equipment on credit Sh75,000 4th Jan, Sold goods for cash Sh100,000 5th Jan, Bought goods and paid by cheque Sh.200,000 6th Jan, Bought a motor van paying by cheque Sh.210,000 10th Jan, Obtain loan from the bank Sh.500,000 12th Jan, Sold goods on credit Sh75,000 16th Jan, Sold goods payment made by cheque Sh.100,000 16th Jan, Received a cheque from a debtor Sh.60,000 30th Jan, Took Sh10,000 from the cash till personal use. Using the given details write up a two column cash book for Mr. Tamaa for the month of January 2007

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