. Simple Company Additional Information: following are the transactions happened during the year 2020. Owner has Invested more $20,000 in the business to maintain the cash flow of operations. For the purpose of initial marketing & advertisement program, management did expense of $2,000 and got a good response. For transportation and logistics issues, company bought a used car for $3,000. They made the purchases to resale for $8,000. After getting the response from the market, SC provided services to its first new customers for the exchange of cash $4,000 Some of the goods were faulty which got returned to suppliers worth $900 A new purchase order has been made for $2000 and made cash payment to avail discount of 5%. Utilities expenses are payable at the end of each month, current month bill expecting to be $1,000. Due to tight market competition some of the services were provided on credit, which cost $8,000 and the customer promised to pay it in the next month. A order got cancelled by one of the supplier worth $1000 Some debtors paid 60 percent of their amount dues to them and rest will be soon. A local popular store ordered goods for $5000 and to maintain a good relationship management has decided to offer them cash discount of $500. During the year owner took out cash for to pay his son school fee $1,000. SC has bank overdraft of $2,000 and purchased stationary for $500 and rest of the amount spent in purchase of goods. Closing Stock at the end of the year were $4,000 Management has calculated $300 depreciation on car and $500 as bad debt. You are required to record complex financial transactions from the whole range of books of original entry. Then produce a comprehensive set of double entry ledger accounts and extract a trial balance from a given set of Information