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42 XL saction is worth 1 point, for a total of 5 points. Please check the formatting before submitting the work. Each recording should be properly labelled and all work clearly presented. Required: Open the accounts and register all of the accounting operations using costs by nature approach. After recording all transactions close all accounts. Balance sheet of the company "Gama" as at 01.12.200X: 50 000 15 000 ASSETS Property, plant & equipment Traded goods* Trade receivables Cash at bank Total assets EQUITY & LIABILITIES 50 000 Share capital 6 500 Bank loan 3 500 5 000 65 000 Total equity and liabilities 65 000 *130 traded goods at a value of 50/each In December the following accounting operations occurred: 1. 100 units of traded goods were sold at a price of 72. The goods were transported and delivered to the client. 2. Company repaid by bank money transfer an installment of 3 000 of a loan. 3. The company recorded depreciation of 10 000. 4. The company received a bill for electricity for December. The bill will be paid in January. 5. Financial result for the month of December was calculated by closing expense and revenue accounts. NALL. Exercise 1 General ledger: Assets: Liabilities: Expenses / Revenues: Equity: Co own000W- 29 30 Balance sheeet + Recording 2 * **** oo_