H. Bailey is a sole trader. The following transactions took place for the month of January 2019. 2019 January 1 Started business with $450,000 in the bank 2 Transferred $80,000 into a cash account. 2 Bought goods on credit from the following persons: D. Elizabeth $54,000; C. MacCallum $87,000; K Godson $25,000; D. Bennett $76,000; L Lopez $64,000. 4 Sold goods on credit to: C Bucknor $43,000; B. Hyacinth $62,000; H Samantha $17,600. 6 Paid rent by cash $12,000. 9 C. Bucknor paid his account by cheque $43,000. 10 H. Samantha paid her account by cheque $15,000. 12 Paid the following by cheque: K. Godson $25,000; D. Elizabeth $54,000. 15 Paid electricity by cash $23,000; Insurance $30,000 by cheque. 18 Bought goods on credit from C. MacCallum $43,000; D Bennett $110,000. 21 Sold goods on credit to B. Hyacinth $67,000. 31 Paid rent by cheque $48,000. 31 Withdrew $40,000 from the bank for personal use. Required: c. Prepare the ledger accounts to reflect the information given above. d. Extract a trial balance for the month of January.