The following transactions by Dabbing Enterprises took place in the month of February 2017. 1. Dabbing started his business with 645,500 cash and a motor vehicle with a value of 50,000 2. Made a deposit of N350,000 cash to the business bank account. 3. Bought goods from Adesopo with a selling price of N47,500 and was granted a 6% trade discount by cheque. 4. Withdrew cash of 153,000 from the bank for the business use. 5. Bought N251,000 worth of goods from Oretuyi on credit and received 12% cash discount. 6. Paid 18,000 cash to settle electricity bill for the month. 7. Sold #75,500 goods to Orelope on credit. A discount allowed of 10% was granted if payment is made on or before 20th February. 8. Sold goods amounting to N478,000 receiving cheque. 9. Withdrew N57,800 cash from the business bank account to pay his son's hospital bill. 10. Returned goods amounting to 10,200 to Oretuyi. 11. Paid 150,000 cash to Oretuyi as part settlement of his debt. 12. Orelope paid N25,000 cash and N40,000 cheque on 25th February. 13. Paid cash: 32,000 salary to the business staff and N25,000 salary to himself 14. Dabbing personal dividend received of 15,500 was paid into the business bank account 15. Settled his debt to Oretuyi after deducting a 12% cash discount with cheque You are required to: (a) Post the transactions into the appropriate ledgers and (b) Extract a trial balance. (12 Marks) (3 Marks)