Ramirez Trading Co. began January 2025 with a cash balance of $5,000 (debit). During the month, the following transactions took place:
- Jan 5 — Received cash from sale of goods, $3,000
- Jan 10 — Paid rent for the month, $1,200
- Jan 15 — Paid wages to staff, $800
- Jan 20 — Received cash from a customer (debtor) in full settlement of their account, $2,500
- Jan 25 — Paid cash for purchases of inventory, $1,500
- Jan 28 — Received proceeds of a bank loan, $4,000
Required: Prepare the Cash Account for January 2025 in three-column (running balance) format. Show the opening balance brought down (Balance b/d), each transaction in date order with the correct particulars and Dr/Cr side, and the balance carried down (Balance c/d) at 31 January 2025.