1. Sarath decides to start a business and invests Rs. 150,000 and starts 'Sarath Traders' 2. Business Purchased office equipment for Rs. 70,000 cash 3. Sarath Traders purchase Rs. 16,000 worth of goods on credit from Gunapala's Business. 4. Rs. 8,000 worth goods were sold for cash Rs.20,000 (on Profit) 5. 'Sarath Traders' receives a telephone bill of Rs. 2,500 but decides to pay it later. 6. Sells goods worth of Rs 5,000 to Sunil. Receives Rs.1,500 and rest to be received later 7. Business pays monthly expenses of Rent and Salaries in cash worth of Rs 5,000 and Rs.10,000 respectively 8. Pays it's Telephone bill of Rs 2,500 9. Sunil Pays Rs. 2,000 10. Sarath takes Rs, 2,000 worth goods to his home. Continued You are required to : 1. Enter all transactions to the extended accounting equation II. Prepare Ledger accounts 1II. Prepare the Trial balance