1. The following transactions relates to Kiziri Investments, a wine wholesaler for the month of March 2021.

March 1 Balances brought forward: Cash Kshs.62,000; Bank Kshs.714,200.

2 The following paid their accounts by cheque, in each case deducting 5 per cent cash discounts: G. Slick Kshs.26,000; P. Fish Kshs.32,000; T. Old Kshs.42,000 (all amounts are post-discount).

4 Paid rent by cheque Kshs.43,000.

6 F. Black lent us Kshs.500,000 paying by cheque.

8 We paid the following accounts by cheque in each case deducting a 21/2 per cent cash discount: R. White Kshs.72,000; G. Green Kshs.96,000; L. Flip Kshs.160,000 (all amounts are post-discount).

10 Paid motor expenses in cash Kshs.8,100.

12 J. Pie pays his account of Kshs.9,000, by cheque Kshs.8,800, deducting Kshs.200 cash discount.

15 Paid wages in cash Kshs.58,000.

18 The following paid their accounts by cheque, in each case deducting 5 per cent cash discount: A. Pony Kshs.54,000; B. Line & Son Kshs.70,000; T. Owen Kshs.52,000 (all amounts are post-discount).

21 Cash withdrawn from the bank Kshs.40,000 for business use.

24 Cash drawings Kshs.20,000.

25 Paid W. Peat his account of Kshs.16,000, by cash Kshs.15,500, having deducted Kshs.500 cash discount.

29 Bought fixtures paying by cheque Kshs.72,000.

31 Received commission by cheque Kshs.12,000.

Required

1. Three-column cash book recording the above transactions (8 Marks)
2. The necessary ledger accounts to record the above transactions. (8 Marks)
3. Extract the trial balance as at 31^st March 2021 (4 Marks)