The following transactions relate to Philips enterprise for the month of January, 2018.

Jan 1 Philip commences business introducing Gh 10,000 cash

2 Bought a motor vehicle costing Gh 4000 which cash was paid

3 Bought stock for Gh 2,000 and paid cash

4 Sold all the stock bought on day 3 for Gh 3,000 cash

5 Bought stock for Gh 4,000 on credit

6 Sold half of the goods bought on Day 5 on credit for Gh 2500

7 Pays Gh 2,000 to his trade creditor

8 Receives Gh 1000 from a debtor

9 Proprietor draws Gh 750 in cash

10 Paid rent of Gh 400 in cash

11 Receives a loan of Gh 6,000 repayable in two years

12 Paid cash of Gh 300 for insurance

You are required to post the above transactions to the relevant ledgers, balance the accounts and extract a trial balance.