Part A Mr. John has started business as a trader on 1 January, 2016. The following transactions and events of trading for his first month are as follows: Date Transaction 1 Started the business by introducing $400,000 into the business bank account. Rent is paid by cheque $16.000 for the month. Mr. John paid $100,000 in cash for a van. 10 Mr. John purchased goods costing $36,000 on credit from Adam (invoice no Adam 123). 12 Mr. John sold goods for $20,000 in cash. 15Mr. John sold goods for $35,000 on credit to Jack (invoice no Jack 001 ) 24 Mr. John paid the amount, taking advantage of a 10% settlement discount with respect to invoice no. Adam 123. 25 Jack paid to Mr. John, taking advantage of a 8% settlement discount with respect to invoice no. jack001. Required: 1- Enter the above transactions into an appropriate cash book. 2- Post the transactions directly to the appropriate nominal ledger accounts. 3. Prepare the trial balance as at January 30,2016. [Marks: (10+10+6)=26]