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 1 st 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: a. Record the transactions in the general ledger (T Accounts) of Maurice & brothers (12 marks) b. Balance up the accounts and extract a Trial Balance as at 31 August 2021. (13 marks) (Total 25 Marks)