The following transactions took place in the month of March, 2020 . 2020 March 1 Started business with K800 in the bank March 2 Bought goods on credit from the following persons: K. Henriques K76; M. Hyatt K27; T. Braham K56; March 5 Cash sales K87 March 6 Paid wages cash K14 March 7 Sold goods on credit to: H. Elliott K35; L. Lane K42; H. Carlton K72 March 9 Bought goods for cash K46 March 10 Bought goods on credit from: M. Hyatt K57; T; Braham K98 - March 12 Paid wages in cash K14 March 13 Sold goods on credit to: L. Lane K32; H. Carton K23 March 15 Bought shop fixtures on credit from Betta Limited K50 March 17 Paid.M. Hyatt by cheque K84 March 18 -We returned goods to T. Braham K20 March 21 Paid Betta Limited a cheque for K50 , March 24 J. Cariton paid us his account by cheque K95 March 27 -We returned goods to K. Henriques K24 March 30 J. King lent us K60 by cash March 31 Bought a motor van paying by cheque K400 5/7 ENG 4128. ENGINEERING MANAGEMENT AND ENIRPRENUERSHIP Required a) Define the following: double entry system and the accounting equation, and trial balance.[6 marks ] b) Enter up the books for the above transactions. [10 marks] c) Extract a trial balance as at March 31,2020 . [4 marks]