On 1 February 2022, the balances of J Kelaher were: bank $4000, GST receivable $100, inventory $12 000 (the perpetual inventory system is used), plant and equipment $15 000, GST payable $200, loan from the bank $7000 and capital $ . . . . . . . . .

Transactions for February 2022 were:

2 Purchased goods using debit card $781 ($710 + $71 GST).

4 Sold goods for cash to D Bacik for $1727 ($1570 + $157 GST), costing $746.

4 Cash sale $1518 ($1380 + $138 GST), at a cost of $656.

10 Purchased stock from V Handley on credit $902 ($820 + $82 GST).

15 J Kelaher bought $682 ($620 + $62 GST) of goods for resale from L Smith.

18 Sent tax invoice to J Leahy for $3861 ($3510 + $351 GST), cost $1607.

19 K Diprose was sent a tax invoice for $1947 ($1770 + $177 GST) being goods bought on credit, with an inventory cost of $752.

19 Banked cash sales $1716 ($1560 + $156 GST), which cost $663.

23 Received adjustment credit note $88 ($80 + $8 GST) for overcharge on purchase from V Handley.

24 Tax invoice $1617 ($1470 + $147 GST) to K Kloos, at a cost of $624.

24 Adjustment credit note for $99 ($90 + $9 GST) was sent to J Leahy.

25 Received tax invoice from Williams and Johns for new equipment $3300 ($3000 + $300 GST).

27 Paid V Handley for transactions this month, less $44 discount.

28 Received remittance from K Diprose for current transactions less $11 discount.

28 J Leahy remitted the total account.

You are required for the month of February to:

• enter the appropriate journal abbreviation next to each transaction above

• prepare all relevant journals (or prepare the general journal)

• post to a structured general ledger and balance the accounts

• prepare a trial balance.