1 Started Business with capital in cash of $3000 and $6000 in the bank. 2 Sold goods on credit to: G. Ricy $1000; T. Lein\$700; M. Mark $3000 4 Bought goods on credit from the following persons: Barn $800; Gran $9000 and Grenel $1000 10 G. Ricy paid us $500 by Cash T lein paid us 300 by cheque 12 We paid the following by cheque: Barn $400; Grenel $2000. 14 M. Mark paid us his account by cash $400 17 Paid Electricity bill by cash $1000. 20 Took $500 from the bank for personal use 25 Paid Water bill by cash $700 Required: a. Record the transactions in the relevant ledgers Extract a trial balance as at January 2015
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