Prepare a single column cash book for Mama Lucy's business for January 20X3, showing all transactions and the closing balance.

Here is the single column cash book for Mama Lucy's business for January 20X3:

$$\textbf{Cash Book}$$

Date	Particulars	Folio	Amount (GH¢)	Date	Particulars	Folio	Amount (GH¢)
Jan 2, 20X3	Capital		50,000	Jan 3, 20X3	Rent Expense		2,000
Jan 6	Sales		25,000	Jan 5	Purchases		20,000
Jan 8	Loan from Abena Manu		40,000	Jan 9	Transport Expense		1,000
				Jan 12	Motor Expenses		3,000
				Jan 31	Balance c/d		89,000
	Total		115,000		Total		115,000
Feb 1, 20X3	Balance b/d		89,000

Explanation of entries:

• Jan 2: Initial capital contribution is a cash inflow, so it's debited.
• Jan 3: Rent paid by cash is a cash outflow, so it's credited.
• Jan 5: Cash purchases are a cash outflow, so they are credited.
• Jan 6: Cash sales are a cash inflow, so they are debited.
• Jan 8: Cash loan received is a cash inflow, so it's debited.
• Jan 9: Transport expenses paid by cash are a cash outflow, so they are credited.
• Jan 10: Buying a motor vehicle on credit is not a cash transaction, so it is not recorded in the cash book.
• Jan 12: Motor expenses paid by cash are a cash outflow, so they are credited.
• Jan 31: The closing balance (Balance c/d) is calculated to balance the cash book, and then brought down as the opening balance (Balance b/d) for the next month.

The closing cash balance for January 20X3 is GH¢89,000.