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Mr. Abdullah has started business as a trader on 14 February 2020. The following transactions and events of trading for his first month are as

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Mr. Abdullah has started business as a trader on 14 February 2020. The following transactions and events of trading for his first month are as follows: Date Transaction 19 February He sets up a business as a sole trader by introducing 400,000 into a business bank account 2nd February He purchases a delivery van for 14,000, paid in cash 360 February He paysrent for a shop, 2,400 in cash. 4* February He purchases goods forresale costing 80,000 on credit from supplier Nasser (N00123). 5* February He sells goods for 50,000 on credit to customer Kasim (SL0897). 6 February He pays energy bill 320 in cash. 7 February He sends out credit note to customer Kasm for goods retumed for 1,600 (CN0122) 8 February He purchases goods costing 60,000 on credit from supplier Jaffar (JR3347) 9 February He sells goods for 110,000 on credit to customer Ahmed (SL0898). 10-February He receives payment of 48,400 from customer Kasm (SL0897). 11- February He pays supplier Nasser 78,000, making use of the cash discount for swift payment 122 February He sells goods for 4,000 in cash. Required: 1- Enter the following transactions into the cash book and other appropriate day books 2. Post the transactions directly to the appropriate nominal ledger accounts 3. Prepare the trial balance as of February 29, 2020 I IMarks: (5-10-5) - 201

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