Adnan has started business as a trader on $1$ January, $2020.$ The following transuctions events of trading for his first month are as follows:

Date

Trunsaction

Started the business by introducing $$400,000$ into the business bank account.

Rent is paid by cheque $$8,000$ for the month.

Adnan paid $$10,000$ in cash for a furniture.

linx

Started the business by introducing $$400,000$ into the business bank act is paid by cheque $$8,000$ for the month. Adnan paid $$10,000$ in cash for a furniture.

$24$

Adnan paid the amount, taking advantage of a $10\%$ settlement discount.

Adnan received the amount, taking advantage of a $10\%$ settlement discount.

Required:

$1-$ Enter the above transactions into an appropriate cash book.

$2-$ Post the transactions directly to the appropriate nominal ledger accounts.

$3-$ Prepare the trial balance as at January $31,2020.$