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: 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. That's 2 down. 3 left today — send the next one.