Debit A/C Credit A/C SH is a trading business. It buys standard-sized air-cooling unit in bulk and sells them to its customers small quantity. The cost price is $100 each. SH sells it for $400 each. Date 1/7 3/7 7/7 Salary payable A/R SH adopts the perpetual inventory system. All payments and receipts are done through the bank account. An extract of the ledger balances of SH as at 30 June 2018 shown below: 10,000 40.000 10.000 9,000 5,000 38,000 Bank Sales revenue Inventory Bank A/P A/R Amount $ 10/7 13/7 16/7 2,000 Office equipment Inventory Bank (40,000 X 95%) Discount allowed (40,000 X 5%) Drawings A/P Ledger Accounts Cash at bank Accounts receivable Inventory Accounts payable Capital Motor vehicle Office equipment Salary payable Total A/R) 50,000 40,000 30,000 90,000 150,000 60.000 70,000 10,000 500,000 18/7 22/7 300 100 4.900 A/P Bank Discount received (5,000 X 2%) Bank (5,000 x 98%) Bank Bank 31/7 700 1,000 Rental expense Electricity expense In July 2018, the following events took place: July 03 SH issued a cheque $10,000 to its employee for the salary owed in June 2008. July 07 Sold 100 units inventory on the following terms 5/10, n/60. July 10 Bought a computer $9,000 for office use. It was paid immediately. July 13 SH bought 50 units of inventory on the following terms 2/10, 1/45 July 16 Collected a cheque from a customer, who fully settled the transaction made on July 07. July 18 The owner of SH issued a cheque of $300 from the business to pay for the purchase of toys for his daughter. July 22 SH paid a cheque to the supplier for the transaction made on July 13. July 31 SH paid $700 for the July 2018 rental of premises. July 31 SH issued a cheque of $1,000 to pay for the electricity used in July 2018. (Ignore GST) REQUIRED: (a) Show ALL the ledger accounts (T-accounts) and post the July transactions. (No journal entry is required) (22 marks) (6) Prepare a trial balance as at 31 July 2018. (8 marks)