Question No. 1 December 01 Mr. Shahzad Commenced business with cash Rs.500,000 December 03 Open a bank account with Rs. 200,000 December 05 Purchase goods from Ahsan Rs. 120,000. December 07 Sold goods to Waqar worth Rs. 150,000 December 09 Goods returned from Waqar of worth Rs. 15,000. December 14 Paid Cash to Ahsan Rs.110,000, Ahsan Allowed Cash Discount Rs. 10,000. December 20 Received Rs. 125.000 from Waqar as a full settlement of his account. December 26 Paid salaries to the office staff Rs. 25000 Required: Enter the transactions in journal Post them in to the ledgers (20) Prepare the Trial Balance