On 1 August 2021, the owners of the ABC Enterprise, Maurice & brothers, decided that they will boldly go and keep their records on a double entry system. Their assets and liabilities at that date were. Their assets and liabilities at that date were: office fixtures 1200, a van 32,000 and 36,800 in the bank account. They have no liabilities at the 1st of August 2021 Their transactions during August 2021 were as follows: 2021 August 2 Maurice & brothers received a loan of 12,400 from Santander Bank and they deposited in their bank account. 3 The amount of 2800 was transferred from bank Account to Cash in hand account. 4 Bought a second-hand Van paying by cheque 6,200 5 Bought office fixtures 3400 from Sharp Office Ltd. They paid 1000 by issuing a cheque and rest of the fixtures value would remain as credit. 8 Bought a new van on credit from Toyota Co. 8,700 15 Bought office fixtures paying by cash 110 19 Paid Toyota Co. a cheque for whole amount of debt 25 Paid 430 of the cash in hand into the bank account 28 Bought new office fixtures paying via bank account 750

Required:

Recording Business Transactions

a. Record the transactions in the general ledger (T Accounts) of Maurice & brothers

b. Balance up the accounts and extract a Trial Balance as at 31 August 2021.