Ledger Q1

3d 5 10 Tutorial 2 questions- Posting to the ledger and double entry. 1. Open up the necessary ledger accounts from the following transactions, balance them off and extract a trial balance in January 2019. January 2019 Amount (P) 1 Monic started business with cash P20000 and Bank P30000 Bought goods on credit from Olga 7000 Returned goods worth P3000 to Olga Cash sales 5000 12h Cash purchases 6000 15th Credit sales to Manu 3000 20h Paid P3000 to Olga by cheque less P1000 discount. 21" Paid wages by cheque 3000 23 Manu pays his account by cash less 10% cash discount-300 25th Cash sales paid direct into bank 5000 28th Withdrew cash for business use 30 Paid rent by cheque 3000 5000