Illustration $2$

Asase Papa commenced business on $1^{st}$ June $2008$ with a capital of GHc$8,000$ of which GH$3,000$ was in cash, GH$2,000$ in bank a$/$c GH$1,000$ office equipment and GHc$2,000$ motor vehicle.

June $1$ Purchased goods for GH$1,400$ by cheque

$"3$ Borrowed GH$1,500$ from GCB in the form of a cheque

$"5$ Paid rent of GH$500$ cash

$7$ Drawings in cash GH $6600$

$37$

$"10$ Sold goods on credit to Loloni GHc$900$

$"11$ Loloni returned goods worth GH$50$

$..15$ Bought stationery of GH$200$ cash

$..17$ Purchased goods on credit GHc$800$ from Palopa

$..20$ Received cheque of GH$800$ from Loloni in full settlement of her debt

$..22$ Returned goods worth GHc$60$ to Palopa

$..23$ Paid GH$700$ cheque to Palopa in full settlement of our debts

$.28$ Sold goods on credit to Sampson GHc$400$

$..29$ Sampson paid cash of GH&$300$ but all attempts made to recover rest provide futile.

$..30$ Loan interest of GHc$50$ was paid

Required to enter the above transactions in the ledger and extract a trial balance.