A bell has kept records of his business transactions in a single entry form, but he did not… 1 answer below »

A bell has kept records of his business transactions in a single entry form, but he did not realise that he had to record cash drawings. His bank account for the year 2018is as follows. Debit side balance 1/01/2018 920, receipts from customers 94200, loan from f. Tung 2500. Credit side, cash withdrawn from bank 12600, trade account payable 63400, rent 3200, insurance 1900, drawings 11400, sundry expenses 820, balance 31/12/2018 97620

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