Pita Aigrais incorporated a business called Aigris Ltd and began trading as a hardware merchant on $1^{st}$ of March $2011.$ The transactions for the month of March $2011$ were as follows $($Ignore GST$)$:

March $1.$ Pita transferred K$10,000$ from his personal savings to business bank account.

March $1.$ Purchase shop fittings for cash: paid by cheque no$.100,K3,800.$

March $1.$ Paid March rent by cheque no$.101,$ K$750.$

March $2.$ Purchase goods $(1000$ units$)$ on credit form A Co$.$ Ltd$,$ K$2,500.$

march $3.$ Banked cash sales $(172$ units$)$ totalling K$860.$

march $4.$ Sold goods $(76$ units$)$ on credit to A$.$ Adam, invoice no$.001,$ K$380.$

march $5.$ Purchase goods $(315$ units$)$ for resale: paid by cheque no$.102,$ K$850.$

march $6.$ Banked cash sales $(82$ units$)$ totalling K$410.$

march $8.$ Purchase goods $(400)$ for resale on credit from B Co$.$ Ltd$,$ K$1,200.$

march $9.$ Sold goods $(98$ units$)$ on account to B$.$ Brown: invoice no$.002,$ K$490.$

march $10.$ Purchased office supplies: Paid cheque No$.103,$ K$120.$

march $11.$ Banked cheque for return of defective goods $(31$ units$)$ that had been purchased on the $5^{th}$ March $2011$ for cash, K$94\mathrm{.}5.$

march $12.$ Banked cash sales $(180$ units$)$ totalling K$900.$

march $15.$ Issued cheque no$.104$ for michellaneous expense, K$180.$

march $16.$ Refund a customer $($sales on $12/3/11)$ for a cash sales return $(34$ units$)$: paid refund by cheque no$.105$ for K$170.$

march $17.$ Purchase goods $(1,200$ units$)$ for resale on credit from C Co$.$ Ltd$,$ K$3,000.$

march $18.$ Paid freight on goods purchased from C Co$.$ Ltd$,$ cheque no$.106,$ K$65.$

march $19.$ Sold goods $(106$ units$)$ on credit to C$.$ Charles: invoice no$.003,$ K$530.$

march $20.$ Banked cash sales $(212$ units$)$ totalling K$1,060.$

march $22.$ Issued cheque no$.107$ to A$.$ Co$.$ Ltd in full settlements of outstanding account.

march $23.$ Banked a cheque received from A$.$ Adams, in full settlement of his account.

march $24.$ Issued cheque no$.108$ Pita Aigris as a personal drawing, K$600.$

march $26.$ Paid March Salaries: cheque no$.109$ in favour of A$.$ Harmer, K$650$; cheque. No$.110$ in favour of A$.$ Chriswell, K$560.$

march $30.$ Paid March electricity: cheque no$.111,$ K$75.$

march $30.$ Paid March telephone: cheque no$.112,$ K$56.$

march $31.$ Bank cash sales $(280$ units$)$ totalling K$1,400.$

Following Additional Information is available:

$1.$ All credit sales and purchases are on terms $\frac{2}{10},\frac{n}{30}.$

$2.$ The March salary of a part$-$time sales representative amounting to $K800$ was not paid until $2$ April $2011.$

$3.$ Depreciation of shop fittings for the month of March amounted to K$38.$

Required:

use Perpetual Inventory System and Periodic Inventory System to:

a$.$ compute Cost of Sales and the Value of ending inventory using average costing method.

B$.$ Record the March transactions in a General Journal.

C$.$ Post the entries in the journals to the general ledger accounts.

D$.$ Extract the trial balances of Aigris Ltd at ${31}^{st}$ March $2011..$

E$.$ Extract Income Statement for the month ended ${31}^{st}$ March $2011.$

F$.$Extract Balance Sheet at ${31}^{st}$ March $2011.$