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Ayodya Company has the following opening account balances in its general ledger on 1 January. All accounts have normal debit and credit balances. Account Name $ Bank 33 750 Accounts Receivable 13 000 Notes Receivable 39 000 Purchases 20 000 Motor Vehicles 10 000 Equipment 6 450 Accounts Payable 35 000 Capital 78 700 Ayodya Company has the following transactions for January 2020: Jan 3 Sold goods on account to Remy $3 100 5 Purchased goods on account from Yost $3 000 6 Remy returned $200 of goods to us 7 Received cheques for $2 000 from Remy for the goods sold on 3 January 7 We returned $300 worth of goods to Yost 8 Paid insurance premium of $2 000 by cheque for one year 9 Paid salaries of $2 800 by cheque 10 Paid cheque for $1 500 to Yost 11 Owner withdrew $800 cheque for personal use 12 Sold goods of $1 800 and received cheque 13 Purchased additional equipment for $5 000 on account 15 Purchased goods for $1 300 and paid cheque 16 Owner made additional investment of $10 000 into business bank account 17 Paid rent of $2 500 by cheque for January 18 Sold goods on account to Moreno for $4 000 20 Purchased goods on account from David for $3 800 21 Moreno returned $400 worth goods to us 22 We returned $300 worth goods to David 23 Received cheque of $2800 from Moreno 26 Paid David $2 500 cheque 28 Sold goods for $1 700 and received cheque 30 Received commission for $500 by cheque Required a) Record the above transaction for January in general journal b) Post the journal entries to general ledger and do the balancing c) Prepare a trial balance as at 31 January 2020

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