Mr Tswongo decided to start a steam cleaning business. He called his business Executive Steam Cleaners.

Transactions for January:

1 Mr Joe Tswongo deposited R90 000 in the bank account of the business as his initial capital contribution.

2 The business bought premises for R50 000 and paid by cheque.

3 Joe bought a delivery van from Maluka Motors for R8 340 on credit.

4 Joe bought the necessary steam cleaning equipment and paid R9 840 by cheque.

5 Joe bought desks, typewriter and so on from Office Equipment Ltd, and gave them a cheque for R10 250.

You are required to:

1. Enter the transactions in the correct ledger accounts.

2. Prepare a trial balance for the five-day period.

3. Comment on the performance and position of the business to date.