Record the following transactions for L. Grant in the ledger accounts for the month of July 2020 balance-off the accounts and extract a Trial Balance as at May 31, 2020. Jul 1 Started business with $40,000 in the bank account. Jul 3 Purchased goods on credit from Y. Chin $15,000. Jul 9 Sold goods for cash for $21,000. Jul 12 Purchased a Motor Car for $17,500 by cheque. Jul 15 Paid telephone expenses $8,000 cash Jul 22 Paid $10,000 cheque to Y. Chin. Jul 31 Owner withdraws $4,500 cash for his son lunch money