Question 1 1) Jonathan started a business selling medals on June 1, 2008. The transactions for his first month of trading are au follows: 2 3 3 4 5 8 10 12 15 16 17 19 22 Opened a business bank account and deposited 10,000 of his own mas as capital Installed a safe and paid the supplier 2,400 by cheque Bought medals on credit for 4350 Paid an insurance pram.nam of 650 by chaque Bought stationery costing 611 and paid by cheque Paid advertising costs of 1,000 by chaque Sold medals for 3,050 and received a cheque from the customer for the full amount Sold medals on credit for 2,000. Bought medals on credit for 6,392 Medals with a selling price of 350 were returned by a credit customer Paid an agency 650 for administrative assistance Paid 340 for car hira Recessed 1,000 from debtors Sold medals on credit for 2,060 Returned medals that had originally cost 706 to a cradit supplier Paid business telaphene bills of 80 Sold medals for 350, which was settled by cheque ce the same day Paid creditors 7,800 24 25 29 30 Required 2) Write up the above transactions in Taccounts and balance the accounts at April 30, 2008 (10 marks) (for quality of presentation: plus 1 mark) b) Extract a Trial Balance as at April 30, 2008. (10 marks) (for quality of presentation: plus 1 mark)