Question: Question 4 (21 marks) On 1 March 2018. James started a car panel beating enterprise in the heart of Rehoboth. He call it Blossom Car

 Question 4 (21 marks) On 1 March 2018. James started a

Question 4 (21 marks) On 1 March 2018. James started a car panel beating enterprise in the heart of Rehoboth. He call it Blossom Car Repairs CC. The transactions completed by the enterprise for March 2018 are as follows: 1 March James sold a personal investment (shares) in Fishcor CC for N$50 000 and began his business by depositing N$30 000 of the proceeds in a bank account. opened in the name of the business and NS 20 000 in cash. 5 March Paid rent for the shop space for the month of March N$2 000 by cheque. 10" March Complete repair work on credit for Daniel N$1 000. 15" March Purchased repair equipment for NS1 500 cash. 19" March Purchased additional repair equipment on credit from Game Store for NS4 000. 224 Mach Paid Game Store N$3 900 cash in full settlement of his account 25 March Paid N$ 700 cash for advertising the business. 26" March Receive a cheque from Daniel for the work completed on 10 March 30 March James withdrew NS350 cash from the business to cover personal expenses. 12 You are required to: Record the transactions in the General ledger of Blossom Car Repairs CC and balance of the accounts

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