Kahlenberg Ltd. Is a new business that started operations on 1 September 2007. The following is a summary of transactions that occurred during the first year of trading: 1. The owners introduced 200.000 in cash into the business. 2. Premises were rented from September 1 2007 at an annual rent of 30.000 . 3. Electricity was paid during the year as follows: a. For the remainder period of 2007: 500 b. For the rest of the accounting year: 1.500 . 4. Inventories totaling 40.000 were bought on credit. 5. Sales revenue on credit totaled 70.000 . There are no inventories left at the end of the period. 6. Wages totaling 45.000 were paid during the accounting year. 7. Payments for trade payables were made worth 20.000 8. A delivery van was bought on 31 August 2008 for 34.000 in cash. It is expected to stay in the business for 10 years. It will be put into operation on 1 September 2008. 9. Receipts from trade receivables totaled 35,000 . 10. The business planned to expand taking a bank loan of 100.000 from which parts were used to repay open trade payables. Required: Record the transactions into the general journal and prepare a trial balance.