The following transactions relates to Konate Traders for the month of December 2010.

Dec 1st   Started a business with sh. 200,000 in the Bank account.
       2nd   Bought furniture for sh, 50,000 and paid by cheque
       3rd    Sold goods on credit to Tila shs, 20,000; Katu 10,000
       4th   Bought goods on credit from Kahama sh 30,000; Kanga shs. 40,000
       5th   Returned faulty goods to Kahama sh 5,000
       6th   Paid Kahama on account by cheque less 10% cash discount.
       7th   Received faulty goods from Katu shs. 2000
        8th   Received payment due from Tila and Katu by cheque less 5% cash discount.
       9th   Cash sales shs. 100,000
      10th   Paid for wages shs. 20,000 by cash and electricity shs.10,000 by cheque.
      11th Deposited all the cash in hand into the bank account.