Highlights
Question
Deco Enterprise owned by Juliana started the business on 1 January 2023. The following are the assets and liabilities as of 31 December 2022:
| Motor Vehicles | 49000 | Cash inHand | 3300 |
| Office equipment | 24000 | Cash at bank | 18600 |
| Trade receivables | Trade Payables | ||
| Sara | 3400 | Olivia Enterprise | 9200 |
| Maya | 4400 | Cindy | 7800 |
| Hasan | 6700 | Loan From mayban | 30000 |
Task
a) Determine the capital as of 31 December 2022.
b) Prepare relevant journals for each transaction.
c) Post the above transactions into relevant ledgers.
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