Question 2 Ahmad has started business as a sole trader on 1 October, 2020. The following transactions and events of trading for his first month are as follows: Date Transaction 1 Started the business by introducing $360,000 into the business bank account. 3 Rent is paid by cheque $8,000 for the month. 9 Ahmad paid $40,000 in cash for a van. 11 Ahmad purchased goods costing $18,000 on credit from Sarah (invoice no. SR0123). 14 Ahmad sold goods for $7,000 in cash. 16 Ahmad sold goods for $8,000 on credit to Ali (invoice no. AL.0001) 25 Ahmad paid $17,100, taking advantage of a 5% settlement discount with respect to invoice no. SR0123. 28 Ali paid $7,760, taking advantage of a 3% settlement discount with respect to invoice no. AL.0001. Required: 1- Enter the above transactions into their appropriate cash books. 2- Post the transactions directly into their appropriate nominal ledger accounts. 3- Prepare the trial balance as at October 31, 2020