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 KCSE business studies paper 1 revision questions and answers set 4

The following transactions were carried out by ushirika stores during the month of july 2012.
July 1: started a business with sh 10,000 in cash
July 2: Opened a bank account for the business by depositing sh 20000 from personal saving
July 10: bought goods worth sh. 10,000 and paid by cheque
July 20: sold goods worth sh. 20,000 which were paid by cheque
Task: Record the above transactions in the relevant ledger accounts.

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