Jan. 01, 2019 Abigail started business and deposited GH50,000 into a bank account

Jan. 10, 2019 Abigail bought a second-hand vehicle for GH20,000 by cheque

Jan. 20, 2019 Abigail bought goods on credit from Daniel for GH6,500

Jan. 25, 2019 Goods costing GH500 was sold to Claudia for GH500. The amount was to be paid at a later date.

Jan. 27, 2019 Goods costing GH200 was sold to John for the same amount. John paid by cheque immediately

Jan. 28, 2019 Abigail issued a cheque of GH2,500 to Daniel as part payment for the goods she bought on credit

Jan. 30, 2019 Claudia who owed GH500 for the goods she bought on credit made part payment of GH250 by cheque Required:

a) Identify in each transaction

i. The two accounts involved

ii. The accounts to be debited and

iii. The accounts to be credited.

b) Enter the above transactions in the appropriate ledger accounts

c) Extract a trial balance