ocr: Question During the first three months the tollowing transactions took place: 1. Cash sales ofE5,000 2. Credit sales ofE500 3. Cash purchases off4,000 4.Six: months' rent at the rate ofE50 per montht was paid 5.Insurance premium off40 for the year ended 31 December 1995 was paid 6. Cleaners' wages ofE30 were paid to cover the first three montis of the year 7.The business incurred a charge for rates estimated to be £200 per quarter 8. The business used, E35ofelectricity 9. The estimated telephone bill was £15for the period under review 10. On. 31 March 1995 there was stock on hand costing E500 ...
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