On 1 October 20X9, the owner of the USS Enterprise, Mr Kirk, decided that he will boldly go and keep his records on a double entry system. His assets and liabilities at that date were:

Fixtures and equipment 20,000

Stock including weapons 15,000

Balance at Universe Bank 17,500

Cash 375

Creditors Spock 3,175

Scott 200

McCoy 500

Kirks transactions during October were as follows:

1. Sold faculty phasers, original cost 500, to Klingon Corp, for cash 5,000

2. Bought Photon Torpedoes (weapons), on credit from Central Council 2,500

3. Sold Stocks to Aardvarks, original cost 250, on credit, 1,500

4. Bought Cloaking Device (Fixture and Fittings) from Klingon Corp 3,500

5. Paid the balance owed to Spock at 1 October less a 5% cash discount

6. Paid Central Council full amount due by cheque

7. Received full amount due from Aardvarks by cheque

8. Paid Klingon Corp by cheque after deducting 20% trade discount

9. Paid, by bankers order, 10,000 for repairs to Enterprise following disagreement over amount owing to Klingon Corp and faculty phasers.

Required:

Open Enterprises ledger accounts at 1 October, record all transactions for the month, balance the ledger accounts, and prepare a trial balance as at 31 October.