Date: Paddock Ltd is established with capital of $4000.00, and this amount is paid into the business by the proprietor, James. During the first year of trading, the following transactions occurred: Purchases of supplies on credit .Payments of account payable .Sales, all on credit 4,300 3,600 5,800 3,200 1,500 400 705 Payments from accounts receivable Purchased equipment for cash . Rent expense . Wages expense Utility expense 195 Required: Prepare T accounts, and extract a Trial Balance