2 Not yet answered Marked out of 25.00 st WABWIRE starts business on 1 July 2021, when he pays Shs. 180,000 into business account. During the month of July, he undertakes the following transactions:- 2021 Flag question July 3 He purchases shop fittings for sh. 25,000 and pays cash. July 4 July 6 He buys a motor vehicle from AB & Co. on credit Sh. 30,000. He buys stock for Sh. 15,000 and pays cash. July 8 He sells goods for cash Sh.10,000. July 10 Buys goods on credit from XY & Co. for Sh. 12,000 July 12 Sells goods to A. Smith for Sh. 9,000 on credit July 13 Pays wages Sh. 1,200 July 15 Pays to AB & Co. Sh. 30,000 July 21 July 25 July 1 Receives from A. Smith a cheque for Sh. 9,000 Sells goods for cash Sh. 3,000. REQUIRED (a) Journalize the above transactions (3 marks) (b) Use T accounts to enter the above transactions into the ledger (10 marks) (c) Close the accounts and determine the respective balances (4 marks) (d) Extract a trial balance at 31st July, 2021 (8 marks)