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John started a business selling tapes. In the first year of trading he contracted the following transactions: a. Paid $40,000 into a business bank account. b. Made purchases from Debby for $2,000 cash c. Purchases goods costing $6,000 from Gerry for cash d. Paid $400 for insurance Bought storage units for f1400 cash from Debby. f. Paid $300 cash for advertising g. Sold goods to David for $3000 cash h. Paid the telephone bill for $240 in cash i. Sold further goods to Debby for $8000 cash j. Bought stationery for $160 cash k. Withdrew $1000 cash for himself Required Show how these transactions would be written up in John's ledger accounts. Balance off the accounts and draw up a trial balance. Note: You should enter bank and cash transactions into one ledger account