Kalima is a trader. At the start of September 2024, Kalima had a cash balance of $240, a bank balance of $890 credit and a credit customer, Elizah, owed Kalima $520. The following transactions took place during the month: September 2 Paid stationery in cash, $82 3 Cash sales, $478 A cheque for $30 received at the end of August from Badr, a credit customer, was dishonoured 5 Paid wages by credit transfer, $1390 7 Bought goods from Gulnar on credit, $200 10 Kalima withdrew $150 from the business bank account for personal use 14 Received a cheque from Elizah in full settlement of the amount owed less 2.5% cash discount 16 Paid $120 cash into the business bank account 21 Paid Gulnar the full amount due by credit transfer less a cash discount of 2% 23 Sold goods to Elizah on credit, $1450 29 A credit note totalling $325 was issued to Elizah for goods returned

1. (a)Prepare Kalima's cash book on the page opposite, for September 2024. Balance the account and bring down the balances on 1 October 2024.[13]
2. (b)What does the credit balance in the bank on 1 September 2024 represent?[1]
3. (c)Prepare the account of Elizah as it would appear in Kalima's books. Balance the account and bring down any balances on 1 October 2024.[5]
4. (d)Name the section heading in Kalima's statement of financial position where the balance on Elizah's account would appear.[1]