ILLUSTRATION ONE The following transactions relate to Philip's enterprise for the month of January, 2018. Jan 1 Philip commences business introducing GhC 10,000 cash Bought a motor vehicle costing GhC 4000 which cash was paid 2 3 Bought stock for GhC 2,000 and paid cash 4 Sold all the stock bought on day 3 for GhC 3,000 cash 5 Bought stock for GhC 4,000 on credit 6 Sold half of the goods bought on Day 5 on credit for GhC 2500 7 Pays GhC 2,000 to his trade creditor 8 Receives GhC 1000 from a debtor 9 Proprietor draws GhC 750 in cash 10 Paid rent of GhC 400 in cash 11 Receives a loan of GhC 6,000 repayable in two years 12 Paid cash of GhC 300 for insurance You are required to post the above transactions to the relevant ledgers, balance the accounts and extract a trial balance.