Mr. Opoku, the sole Proprietor of Dangote Enterprise started business in the year 2019, dealing in spare parts. The following transactions were extracted from his books during the year.

Jan. 20^th: Introduced 42,000,000 cash in his business out of which 33,000,000 was used to open a bank account at NIB. 5,000,000 was also used to purchase goods by cash.

Jan.30^th: Bought office stationery from K. Danso Ltd 300,000 by cheque.

Jan.31^st: Bought Motor Vehicle from Alhaji maikano on credit 40,000,000.

Fab. 1st: Bought goods on credit from T. Anane 4,400,000; H. Newman 5,100,000; Akrong Ent.7, 500,000. Cash sales of 24,000,00 was also made.

Feb. 4th: Paid salaries by cash 1,500,000.

Feb. 28th: Sold goods on credit to Allema 4,000,000; Aku walley 4,800,000 and Nicodemus Limited 10,000,000. Rent of 1,600,000 was paid on the same day by cheque.

March, 1st: Received a credit note from T. Anane 600,000 and Akrong 900,000.

March 20^th: Bought Fixtures and fittings by cheque 12,000,000.

May 1^st: Issued a credit note to Allema 900,000 and Aku walley 500,000.

May 30^th: Goods sold to Mr. Nti by cash 40,000,000.Cash of 28,000,000 was sent to the bank the same day.

June 30^th: Sold goods to Mr. Nti 3,000,000 on credit; Akuwalley 9,900,000.

July, 20th: Cheques were paid to T. Anane 3,600,000 H. Newman 2,800,000; Akrong 4,000,000 in each, less 5% cash discount.

Aug. 21st: Received cheques from Allema 6,000,000; Akuwalley

4,800,000; Nicodemus 6,000,000 in each case, discount of 2% was allowed.

Aug. 30th: Bought plant and machinery on credit from Kwame Ent. 20,000,000.

Sept, 2nd: Returned part of the plant and machinery valued at 8,000,000 to Kwame Ent.

Nov.20^th: Withdrew 1,200,000 from bank for office use and paid salaries by cash 1,500,000.

Nov.21^st: Bought motor van by cheque 24,000,000 which was partly financed by a loan of 4,000,000 from ICAG Finance company.

Dec.10^th: Received an additional loan from ICAG finance by cheque 14,000,000 and paid Kwame Ent 6,000,000 by cheque.

Dec.31^st: Bought goods on credit from T. Anane 4,800,000; H. Newman 3,000,000 and Akrong 3,000,000.

You are required to use the following transactions to prepare:

The necessary ledgers

Extract a trial balance