Question: Please answer quickly Question Four a) State two uses of a trial balance (02 marks) b) The following are transactions for Casino Co. Ltd in

Please answer quickly Question Four a) State two uses of a

Please answer quickly

Question Four a) State two uses of a trial balance (02 marks) b) The following are transactions for Casino Co. Ltd in the month of May 2020. May 1 Started business with 1,500 cash and 18,000 in the bank. May 2 Received a loan of 4,000 from T. Fox by cheque. May 3 Bought a computer for cash 1,200. May 5 Bought display stands on time from Drop Ltd 840. May 8 Took 400 out of the bank and put it in the cash till. May 15 Repaid part of Fox's loan using the business debit card 1,000. May 17 Paid amount owing to Drop Ltd 840 by Internet transfer from the bank account. May 24 Repaid part of Fox's loan by cash 500. May 31 Bought a colour laser printer on time from P. Blake for 400. Required: Post the above transactions into the relevant ledgers and balance off accounts (14 marks) ii. Extract a trial balance. (04 marks

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