The following information is given for Timmy:

1. Timmy sells goods for cash £750.

2. He pays rent £100 cash.

3. Timmy sells goods on credit £48 to Chas.

4. He pays wages £78 cash.

5. Timmy purchases goods for resale £330 on credit from Duncan.

6. He purchases goods for resale £69 from Vera, paying cash.

Required

Enter the transactions in Timmy’s ledger.

Carry down any balances.

Extract a trial balance to check the accuracy of the entries.