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ll give thumbs up need it urgent 3 7 LYH Enterprise started business on 1 October 2017 with $180,000 in the business bank current account

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3 7 LYH Enterprise started business on 1 October 2017 with $180,000 in the business bank current account and $5,000 cash The business provides you with the following transactions during October 2017 : October 1 Paid for October shop rental by cheque $6,000 2 Bought furniture and fittings $9.000 by cheque Purchased stationery for office use by cash $200 Bought goods by cheque $45,000 10 Purchased goods for on credit from PJF Ltd $24,000 Cash sales banked in $12,000 Sold goods on credit to RET Enterprise for S14,000 Paid wages $1,500 by cash Goods returned by RET Enterprise $4,000 Goods sold on credit to Wu Company $33,600 30 Received cheque from RET Enterprise $10,000 less discounts allowed 5400 11 12 16 19 26 Note : Inventory as at 31 October 2017 was valued at $43,000 REQUIRED : (a) Prepare ledger accounts to record the above transactions (b) Extract a trial balance as at 31 October 2017 (c) Draw up an income statement for the month of October 2017 Construct a balance sheet as at 31 October 2017

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