Question $1$

The transactions below relate to the business of Rayana Smith for September $2023.$

$2023$

September $1$ Started business with $$65,000$ in the bank and $$15,000$ cash in hand

$2$ Bought goods on credit from J$.$ Karlene $$25,000,$ M$.$ Malcolm $$12,300$

$3$ Sold goods on credit to C$.$ Darwins, $$7,800$;$K.$ Williams, $$2,600.$

$4$ Bought goods and paid by cheque, $$3,300.$

$5$ Bought furniture paying by cheque, $$15,600.$

$11$ Cash sales $$4,600.$

$13$ Returned goods to J$.$ Karlene $$250.$

$15$ Paid rent by cash, $$500.$

$19$ K$.$ Williams, returned goods to us $$110.$

$20$ Owner withdrew $$1000$ from the bank for personal use.

$21$ Paid J$.$ Karlene $$16,200$ by cheque

$23$ Received payment from C$.$ Darwins $$6,600$ in cash.

Required:

A$.$ Enter the following transactions in the ledger accounts of Rayana Smith and Balance off

the ledger accounts.

B$.$ Extract a Trial Balance as at $30$ September, $2023$ for Rayana Smith.