Prepare the general journal at the end of the accounting period to transfer the balances of the following accounts to the trading account in the general ledger: sales $30 000, inventory (opening) $2500, purchases

$13 200, customs duty $1200, freight inwards $500. The value of the inventory from the physical stocktake at the end of the accounting period was $2800. Show the balances in simple T account format. Post the journals and balance the accounts, except the trading account.