On 1 January 2021 Young a sole trader, had the following opening balances in his books: Cash at bank Rs8 000; cash in hand Rs4000; Land and Building Rs42 500; loan from Money Bank Ltd Rs20 000; Trade receivables: Johnson Rs 625; Trade payables: Alex Rs5 250; capital Rs29 875. Transactions for the month of January 2021 were as follows: 2021 Jan 5 Purchased goods on credit from Zain Rs 4 800 10 Bought a motor car on credit from Car Max Ltd for Rs 20 000. The first instalment of Rs2 500 was paid upon delivery on 10 January. 13 Returned unsuitable goods previously purchased from Zain Rs50 17 Johnson paid Young cheque for the amount owing Rs625 21 Cash sales banked Rs315 25 Paid heat and light by cheque Rs2 800. 27 Paid rent by cash Rs248 29 Credit sales to Tulip Rs870 30 Paid Alex his account by cheque 31 Paid interest on bank loan by cash Rs345 Required: (a) Post the above transactions in Young's ledger and balance all the ledger accounts at 31 January 2021 and prepare a trial balance as at that date. (24 marks) (b) Explain why the government authorities and Money Bank Ltd would be interested in the accounts of Young. (6 marks)