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Question Two On January 1st 2020 Stephen had the following assets and liabilities: Sh. Cash at bank 1400000 Stock 4000000 Debtors: Kamau 1500000 Naomi 960000 Creditors: Paul 1300000 Matoke 850000 Office equipment 420000 Motor Van 3200000 His transactions during the month of January 2020 were as follows: January: 2. Withdrew Sh.200000 from the bank for office use. 2. Purchased goods from Paul Sh.250000 on credit. 4. Bought office stationary Sh.36000 for cash 7. Received cheque Sh.940000 from Naomi in full settlement less Sh.20000 cash discount. 12. Sold goods to Kamau Sh.1400000 on credit. 14. Paid salaries Sh.80000 in cash. 15. Paid Matoke Sh.600000 by cheque. 16. Returned goods worth Sh.30000 to Paul and received a credit not. 20. Bought office equipment Sh.145000 on credit from Patel Ltd. 23. Sold all goods on hand receiving Sh.1250000 cash and Sh. 5000000 in cheque. 27. Paid Patel Ltd. Sh.130000 in cash. 28. Withdrew Sh.370000 from the bank for personal use. 29. Paid rent Sh.160000 in cash and salaries Sh.180000 by cheque. Required: 1) Determine Stephen's capital as on January 1st 2020 (4mks) ii) Post the above transactions to the relevant ledger accounts. Close all the ledger accounts (including the three column cask book) and bring down the balances as at February 2020. (10mks) 111) Extract a trial balance (6mks)