Record the following transactions for the month of January of a small finishing retailer, prepare and balance off all the accounts, then extract a trial balance as at 31 January 20X8, prepare statement of comprehensive income for the 31 January 20X8 and statement of financial position as at 31 January 20X8: Jan 1 Started in business with RS10,500 cash. == 2 Put RS9,000 of the cash into a bank account. == 3 Bought goods for cash RS550. == 4 Bought goods on credit from: Ali RS800; Basit RS930; Salman RS160; Ayan RS510. == 5 Bought stationery on credit from Buttons Ltd RS89. == 6 Sold goods on credit to: Haris RS170; Bilal RS240; Subhan RS326; Qasim RS204. == 8 Paid rent by cheque RS220. == 10 Bought fixtures on credit from Chiefs Ltd RS610. == 11 Paid salaries in cash RS790. == 14 Returned goods to: Basit RS30; Salman RS42. == 15 Bought van by cheque RS6,500. == 16 Received loan from Faiza by cheque RS2,000. == 18 Goods returned to us by: Haris RS5; Subhan RS20. == 21 Cash sales RS145. == 24 Sold goods on credit to: Bilal RS130; Qasim RS410; Kiran RS158. == 26 We paid the following by cheque: Basit RS900; Salman RS118. == 29 Received cheques from: Kiran RS158; Bilal RS370. == 30 Received a further loan from Faiza by cash RS500. == 30 Received RS614 cash from Qasim.