SunWay trading company started its business on the first of August 2022 with a capital of $ 30,000 that came from $29,000 a bank account and $1,000 cash account. During August month the company performed the following transactions:

2nd Paid $1,000 by cheque as rent for a building that the company will use.

2nd Paid $5,500 by cheque for building fixtures and fittings.

3rd Paid $300 by cheque as a monthly insurance.

4th Purchased on credit goods to sell, from Hughes $5,700

5th Purchased goods to sell, from Ferguson for $7,500. SunWay was forced to pay by check since Ferguson wouldn't extend any credit.

9th Sold Mr. Mowbray goods worth $10,000. He has given 30 days to pay.

11th Paid $350 cash for different expenses that all recorded under one miscellaneous office expenses account.

14th Sold goods to Mr Redknapp for $1,000 cash, so the company gave him cash discount $20. So the $980 paid to the bank.

16th Sold goods worths $6,000 on credit to Mr Keane. Sold goods worths $ 5,000 to Mr Southgate who paid by cheque.

18th Mr Keane returned $500 of the goods claiming they were faulty.

23rd Received a cheque from Mr Mowbray paying his account in full.

25th Sent cheque to Hughes to settle in full what was owed to him.

30th Purchased goods by $2,000 on credit from Ince.

31st SunWay owner draw $500 from the his business bank account because he decided to go on a last minute weekend holiday trip.

Required:

a. Record the above transactions into General Journal

b. Post this transaction into ledger accounts

c. Extract a trial balance at 31 August 2022.