Lim started a business of selling food & beverages on 1 October 2022 with capital injection of $20,000 (by cheque). During the month of October 2022, he made the following transactions:

Mar 1 Paid $10,000 by cheque for shop rent.

2 Bought office equipment by cheque at a cost of $2,800.

4 Bought goods costing $1,260 from Sandy on credit.

6 Paid for repairs of $70 by cheque.

9 Purchases by cheque: $840.

11 Sold goods on credit to Chan for $1,760.

13 Drawings by cheque: $500

16 Returned goods costing $360 to Sandy.

22 Chan returned goods invoiced at $620.

26 Paid Mary by cheque for $460.

28 Received a cheque for $560 from Chan.

31 Put additional money into the business by cheque $4,460.

REQUIRED:

Record the transactions given into:

a) Relevant ledgers.

(19 marks)

b) A Trial Balance as at 31 October 2022.

(6 marks)