QUESTION THREE

Record the transactions in the books of Kwasi Asante the month of January, 2021 and extract a trial balance.

Jan. 1	Started business with 10 million cash and 20 million in his bank account
Jan. 5	Bought goods for resale, 15 million from Osafo
Jan. 15	Cash sales of 20 million. Sold goods and received cheque of 5 million
Jan. 17	Sold goods to Yeboah, 5 million
Jan. 18	Purchases from Appiah 20 millon
Jan. 20	Sales to Ofosua, 30 million
Jan. 25	Paid Osafo with a cheque, less 2 % cash discount. Yeboah settled his account
	With cash less 2 % cash discount
Jan. 26	Paid Appiah with cash less 5% cash discount
Jan. 27	Ofosua settled her account with a cheque less 5% cash discount.