Record the following transactions in the relevant ledger accounts and balance them off. (10mks)
Jan1: started business with 100,000ksh. in the business bank account.
Jan 2: Obtained a co-orparative loan of ksh. 120,000 cash.
Jan 3: Purchased furniture costing ksh. 70,000 paying ksh. 40,000 by cheque and the balance in cash
Jan 4: Deposited ksh. 15,000 into business bank account.
Jan 5: Repaid: ksh. 20,000 part of the loan paying by cheque