c) Extract an unadjusted trial balance as at March 31, 2021 (10 marks)

note: The ledgers are what I did.

Shelly Ryce was employed at Fimi Telecommunications Company for ten (10) years. In recent times however, Shelly Ryce was made redundant and as a part of her redundancy payment package she received $2,000,000. Shelly Ryce has always loved wearing different hair extensions, and realizing how lucrative the hair extension business is, she decided that she wants to start a hair supplies store, called Shellyz Hair & Thingz." Shelly Ryce started operations on March 1, 2021 and she has been advised that even though it is a small business, it is very important for her to keep proper accounting records. Miss Ryce has therefore reached out to your project team to manage her accounts for her. March 1 March 1 The following transactions were for the first month of operations: March 1 Miss Ryce stated business with a Nissan Ad Wagon valued at $1,200,000. Miss Ryce opened a bank account at Scotiabank with $500,000. Miss Ryce paid a cheque for the first month's rent for the store, along with an equal amount for deposit of $30,000 to Mr. Steve Johnson. March 2 Miss Ryce purchased store furniture from Royal Cabinets Limited using cheque amounting to $120,000. Miss Ryce paid Telesales Electronics $15,000 with a cheque to set up her point- of-sale machine at the store. March 4 Miss Ryce withdrew $50,000 from the bank to keep in the business as cash in March 3 hand. March 4 Miss Ryce bought merchandise for resale from Mr. Xinghu Chung on credit, totalling $555,000 Miss Ryce's cashier sold merchandise to 12 customers, for cash, totalling $48,000. March 5 March 8 Miss Ryce approved the sale of merchandise on credit to the following customers: Quantity Customer's Name Sharon Nelson Kim Samuels Cost per Item $10,000 1 Item Lace Front Wig (Human Hair) Revlon Hair Relax Kankelon Braiding Hair Kera Care Kit 20 $750 Nadine Patterson 15 $350 Sonia Jarrett 5 $4,500 March 9 March 10 March 13 March 15 March 16 Miss Ryce's cashier sold merchandise to eight (8) customers, for cash totalling $32,000. Miss Ryce bought stationery with the store's logo affixed to it, for cash $5,000. After unpacking all the merchandise bought from Mr. Xinghu Chung, Miss Ryce found unsatisfactory merchandise totalling $32,000 and decided to return them. Miss Ryce bought merchandise on credit from Cherry's Wholesale Hair Supplies for $155,000. Miss Ryce sold two hair dryers to Klassy Kay's Salon for $20,000 each, receiving a cheque. Kim Samuels settled her account with cash, receiving a 5% discount. Miss Ryce paid her cashier a cheque of $15,000 for her fortnightly salary. One of the Kera Care Kit was return by Miss Sonia Jarrett. Miss Sonia Jarrett paid the balance outstanding on her account by cheque, receiving a discount of 5%. Miss Ryce paid cash for the following utility bills for the month: March 17 March 18 March 19 March March 22 Amount Utility Company Jamaica Light Company National Water Company Fimi Telecommunications Company $13,000 $2,350 $5,300 March 22 March 25 Miss Ryce also paid cheque for security fees for the month totalling $23,000. During the period March 17 March 25, 2021, Miss Ryce sold merchandise for cash totalling $380,000. Miss Ryce made a cash lodgement of $300,000 to the bank. Miss Ryce paid cheques to Mr. Xinghu Chung for $250,000, receiving a 2% discount, and to Cherry's Wholesale Hair Supplies for $100,000, receiving a 2% March 25 March 27 discount. March 29 After almost a month in business, Miss Ryce felt like she wanted to treat herself to a weekend at the Secrets Wild Hotel in Montego. She withdrew $30,000 cash from the business to supplement her personal expenses. All other customers who had taken goods on account on March 8, 2021, cleared their outstanding balances, by paying with a cheque. March 31 +'B' Cheneral Ledger nissan Ad wagon 4 1,200,000 mar 31 Bal Date A Capital 200 # Too, ona 1 300.000 mar 31 Bal Capital afe 1.700,on mar 1.700.000 nusan Ad wagon I too. 0.00 Bant Soo 000 17000 + 1960, a Apri Nal *Bank Ale Capchal 150o,060 mal 1 Steve Johnson 1 Rent Deposit x 20 Soria Jarrett 12 Furniture 25 Cash 1300, . 3 Telesales Elke 131 Sharon Nelson 31 Nadine Patterson is Salary 10.0bo Saso 30.000 3b, ono 120000 is. 200 SO OUD 15.000 23.000 245.000 198 000 18 27 mor Xinghu Change 22 Chemp Wholes 31/ Bal Apr 1 Bal 872350 246,350 246 350 872 350 Steven Johnson Bank 30,000 mar 31 Bal 30.obo 30.000 30, obo # 30.000 ] 1 'Rent Deposit Pepaid) 30.000 mar 31 Bal Baob 3o.boo dos 30000 1 Furniture the Bank 120.000 mar 31 Bal 120.000 120, doo 120.eu Bal 3 Bank Telesaley ElecHomes 15006 Mar 31 Bal 15,80 1$, AD 15.om is om APL Bal * Cash ale Bank S 50,000 more Shotest 4 & odo 23 Josh 35.000 14.250 125 Bank 39 Drawings 31000 13.000 2355 A Kim Samunds los Sales 32 Fim Tel 13806 31 Bal 524,650 30. 118.600 524250 Apy i Bal 13. COD Bal As 1710,000 555.900 mar 3! Iss, dhe 710,ooo 210,000 APPLE 710,000 Mar 13 Perchase Retundest M $55.com 107 Distres Mar 31 Bal 32.000 Purchases 245.0 5.50 273,60 555.000 Apri Bol 555.600 293.00 * Mar 31 Bal 5$2,750 4&000 May is Cash & Sharon Nelson 8 Kim Samuels s nadine Patterson & Soma Jarrett 10, doo 15, doo 52. So 22.500 32,060 40.AUD 1380,000 552.750 16 Bank (Khessy) 552,730 1st Cash ( Apr 1 Bal * 552, 750 mal Sales Sharon nesson 10.000 mar 31 Bank 10.610 10. obo 10,ooo 8 Kim Randers al Isido mar A Cash 14250 15. OVD 15, SP 8. Sales nadene Patersonale Mar 31 Bank 52 So 5260 5250 520 8 Sales Sonia Jarrett al mar 19 Sales Return (In word) 20 Dit All 20 Bank 450 I poo 22. 500 $2,500 Stationery at 5009 Mar 31 Bal 5000 5000 Soo Apr y Bal * SO0D Mar 31 Bal 32,000 39.00 Purchases Retool outwards) mas (13 mi Xinghu Chang Apr1 Bal 32.000 32.00 + 30,000 may 27 Bank 22 Dit lee Chery wheelales 92.000 mar is Purchases 2.co 155,000 31 Bal 55.000 155.000 Bal * 455.00 55.000 Mar 17/1m Sanuals 20 Soma Janet Discount Newed 256 11630 116so Dal 18 Bank Salary one 15.060 mar 311 Bal SODO L. 1576D Api Sales Rebum Solwerda mar 19 Sonia Jarret YSTD mal B 4SUD Apr Bal 4500 Mar 22 Cash Jaright Complutility) Marl 13,000 13,00 13. GOD 13,000 Bal bal Cash In welulility Mari 3356 Bal 33to 530 Fine TV Culik 530 mar 31 Bal 5300 5392 15300 Security Al 33.000 marsi Bal 23.00 23.0 23 Bal P31960 Mali SJUD Dist Recoued El Podo mar 27 m Xinghulting 3 Cherrys whates 7050 Apr 1 7000 30.00 mals 36.00 Apl Bal Bo,000