Panna owns and manages a small business, which sells specialised restaurant chinaware to various cafs. Panna manages all aspects of the business, including delivery and collection of the products. The business accounts are balanced at the end of each month.

On 1 November, the balances on her business accounts were as follows:

Account name	Debit ()	Credit ()
Capital		50,000
Van	35,000
Bank	15,000
Receivables	13,500
Payables		13,500
	63,500	63,500

During November, the following transactions took place: (Note that all cash payments and receipts are through the business bank account.)

No.	Date	Amount ()	Transaction
1	02-November	850	Panna pays cash for advertising
2	03-November	7,000	Panna pays by bank transfer the amount due to a supplier
3	07-November	500	Panna withdraws cash for personal use
4	09-November	4,000	Panna receives payment from a receivable
5	11-November	30	Panna pays by debit card for electricity for the electric van
6	15-November	800	Panna receives payment from a receivable
7	18-November	950	Panna pays insurance by business debit card
8	20-November	1,500	Panna purchases products for resale, agreeing 30 days credit terms
9	21-November	1,700	Panna invoices a new customer on 30 days credit terms
10	30-November	1,000	Panna purchases products for resale and pays by cheque

Required:

• i.Set out Panna's general ledger accounts at 1 November.

• ii.Continuing on, post to the relevant accounts the ten transactions that took place in November.

• iii.Balance off the general ledger accounts.

• iv.Present the trial balance at 1 December