Make a T accounts

to close off any T accounts that end up on the statement position. EXAMPLE 6 Matthew set up a business and in the first nine days of trading the following occurred: 1 January Matthew introduces $10,000 capital by cheque. 2 January Matthew buys supplies worth $4,000 and pays by cheque. 3 January Matthew buys a delivery van for $2,000 and pays by cheque. 4 January Matthew buys $1,000 of purchases on credit. 5 January Matthew sells goods for $1,500 and receives a cheque of that 6 January Matthew sells all his remaining goods for $5,000 on credit. 7 January Matthew pays $800 to his supplier by cheque. 8 January Matthew pays rent of $200 by cheque. 9 January Matthew draws $100 for living expenses from the busines Required: a) Complete the relevant ledger accounts. 5) Extract a trial balance