st WABWIRE starts business on 1 July 2021, when he pays Shs. 180,000 into business account. During the month of July, he undertakes the following transactions:- 2021 July 3 July 4 He purchases shop fittings for sh. 25,000 and pays cash. He buys a motor vehicle from AB & Co. on credit Sh. 30,000. July 6 He buys stock for Sh. 15,000 and pays cash. July 8 He sells goods for cash Sh.10,000. July 10 Buys goods on credit from XY & Co. for Sh. 12,000 July 12 Sells goods to A. Smith for Sh. 9,000 on credit July 13 Pays wages Sh. 1,200 July 15 Pays to AB & Co. Sh. 30,000 July 21 Receives from A. Smith a cheque for Sh. 9,000 July 25 Sells goods for cash Sh. 3,000. July 30 Pays general expenses Sh. 800 July 31 Draws Sh. 500 out of business for his personal use REQUIRED (a) Journalize the above transactions (3 marks) (b) Use T accounts to enter the above transactions into the ledger (10 marks) (c) Close the accounts and determine the respective balances (4 marks) st (d) Extract a trial balance at 31 July, 2021 (8 marks)