The following are the transactions in the entity for the month of 1 October 2016 .Theassets and liabilities at that were: The transactions during October were as follows: 1. Sold faulty phasers, original cost N$500, to Kango Corp, for cash N$5000 2. Bought Photon Torpedoes ( weapons), on credit from Central Council N\$2 500 3. Sold goods to Aadvarks, original cost N$250, on credit, N\$ 1500 4. Bought Cloaking Device (Fixture and Fittings) from Kango Corp N $300 5. Paid the balance owed to Spock at 1 October less a 5% cash discount 6. Paid Central Council full amount due by cheque 7. Received full amount due from Aadvarks by cheque 8. Paid Kango Corp by cheque after deducting 20% trade discount 9. Paid, by bankers order, N$10000 for repairs to the business followingdisagreement over amount owing to Kango Corp and faculty phasers. Required: Open the business ledger accounts at 1 October, record all transactions for themonth, balance The following are the transactions in the entity for the month of 1 October 2016 .Theassets and liabilities at that were: The transactions during October were as follows: 1. Sold faulty phasers, original cost N$500, to Kango Corp, for cash N$5000 2. Bought Photon Torpedoes ( weapons), on credit from Central Council N\$2 500 3. Sold goods to Aadvarks, original cost N$250, on credit, N\$ 1500 4. Bought Cloaking Device (Fixture and Fittings) from Kango Corp N $300 5. Paid the balance owed to Spock at 1 October less a 5% cash discount 6. Paid Central Council full amount due by cheque 7. Received full amount due from Aadvarks by cheque 8. Paid Kango Corp by cheque after deducting 20% trade discount 9. Paid, by bankers order, N$10000 for repairs to the business followingdisagreement over amount owing to Kango Corp and faculty phasers. Required: Open the business ledger accounts at 1 October, record all transactions for themonth, balance