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12 The following transactions were extracted from the books of Kwabeng enterprise for February 2020 February 03 Commenced business with a capital of GH15,000 cash

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12 The following transactions were extracted from the books of Kwabeng enterprise for February 2020 February 03 Commenced business with a capital of GH15,000 cash 05 Purchased good GHC6,000 07 Purchased goods on credit from S & Co. GH3,000 10 Purchased furniture GH2,400 10 Returned goods to S& Co. GHC600. 11 Sold goods GHC3,900 Received an invoice from Smith GH5,000 15 Sold goods on credit to DD GHC2,250 20 Paid salaries GH960 22 Purchased a van GH50,000 on credit from Silver Star Auto Ltd. 24 Received commission GH75 25 Goods returned by DD GH450 25 Received cash from DD GHC1,500 26 Paid to S & Co. GH1,800 27 Withdrew from business GH%900 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 3. Prepare a trial balance

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