5.1 Michael Robbins started trading as a restaurateur on January 1. His transactions for the first week of January were as follows: (25 pts) Description 1-Jan Purchases of food and drink on credit from GGS Ltd for $6,000 2-Jan Banked sales amounting to $2,000 3-Jan Bought food on credit from XYZ Ltd for $1,000 Banked sales amounting to $1,000 Paid rent $3,000 by cheque Bought cutlery from Catering suppliers Ltd for $500 paying by 4-Jan check Banked sales amounting to $1,500 5-Jan Paid wages of $3,000 by cheque Banked sales amounting to $2,500 6-Jan Purchased food on credit from XYZ Ltd. for $2,000 Returned some purchases from XYZ Ltd for $200 Banked sales amounting to $3,000 7-Jan Paid GCS Ltd $2,000 by check Banked sales amounting to $3,250 Returned drink purchased from GCS for $500 a) Enter the above transactions in the books of prime/original entry b) Show the accounts in the appropriate ledgers c) Extract a trial balance as at January 7