2021 You are the Accountant for Ching Wei Tai, a sole trader business operating downtown, Kingston. The following transactions occurred during the year. December 3 45 9 6 10 22 Started Business with capital of $16,000 in the bank and $13,600 in cash. Bought goods on credit from the following persons: Grant $3,200, Brown $4,800 and Ricketts $3,000 Sold goods on credit to: Marvin $10,000, Jamie $24,800, Ruth $1,800 Paid Rent by cash $2,080. Marvin paid us his account by cheque $2000 Jamie paid us $1,400 by cheque. We paid the following by cheque: Grant $1,600; Brown $2,000. Paid Electricity bill by cash $1000 12 31 31 The owner, Ching Wei Tai, took $2,400 from the bank for personal use. Required: I Enter the following transactions in the Ledger Accounts (T-Accounts) of Ching Wei Tai Balance off the accounts (where appropriate, do the Balance brought down/Balance Brought Forward as at January 1, 2022) II. III. Extract a trial balance as at December 31, 2021 for Ching Wei Tai (60 marks) END OF ASSESSMENT