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From the following transactions, you are to prepare the necessary day books, post the book to the ledger and extract a trial balance. January. 1

From the following transactions, you are to prepare the necessary day books, post the book to the ledger and extract a trial balance.

January. 1 Bwalya started business selling football boots and put K2 000 in the bank as initial capital.

January 2 Zanaco lent her K10 000 giving the money in cheque form.

January 3 Credit purchases from B Zimba K580 000; J Phiri K360 000.

4 Bought a motor van by cheque for K5 500

4 Sold goods to C Mate K348 000

5 Returned goods to J Phiri K160 000

6 Returns from C Mate K84 000

7 Made cash sales amounting to K1 050

8 Paid motor expenses in cash K150

13 Sold goods to Z Buumba K152 000

14 Paid insurance premium by cheque K220

18 Bought goods on credit from: C Banda K900 000 less 10% trade discount.

18 Returns from Z Buumba K42 000

20 Returned goods to C Banda K200 000 less 10% trade discount.

21 Sales to C Mate K100 000

24 Sales to M Chalwe K256 000

please help me thank you very much

25 Received K150 commission in cash as a result of successful sales promotion

26 Bought goods on credit from: D Soko K600 000 and B Zimba K800 000 less 10% trade discount.

27 Returns from M Chalwe K60 000

28 Sales to Z Buumba K300 000 less 10% trade discount.

28 Returned goods to B Zimba K180 000 less 10% trade discount.

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