03 PRINCIPLES OF ACCOUNTING PDBA 116 INTERIM ASSESSMENT 2019/2020 ACADEMIC YEAR The following transactions were extracted from the books of Kwabeng enterprise for February 2020 February Commenced business with a capital of GHC15,000 cash 05 Purchased good GHC6,000 07 Purchased goods on credit from S & Co. GHC3,000 10 Purchased furniture GHC2,400 10 Returned goods to S& Co. GHC600. 11 Sold goods GHC3.900 12 Received an invoice from Smith GH5.000 15 Sold goods on credit to DD GHC2,250 20 Paid salaries GH0960 22 Purchased a van GHC50,000 on credit from Silver Star Auto Ltd 24 Received commission GHC75 25 Goods returned by DD GHC450 25 Received cash from DD GHC1,500 26 Paid to S& Co. GHC1,800 27 Withdrew from business GHC900 for personal use 28 Borrowed from KK GHC1,500 Required: 1. Record the above transactions in the appropriate journals 2. Post entries to relevant ledger accounts Prepare a trial balance