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uestion Completion Status: 1. March 1: Started the fashion business by investing $65,000 Cash. 2. March 3: Purchased Goods costing $12,000 on credit from the

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uestion Completion Status: 1. March 1: Started the fashion business by investing $65,000 Cash. 2. March 3: Purchased Goods costing $12,000 on credit from the Fabric Company. 3. March 5: Got new Delivery Van for $20,000 on credit from Kia Motors. 4. March 10: Sold Products for $8,000 cash. 5. March 15: Returned Goods worth $1000 to the Fabric Company, 6. March 20: Sold Products worth $8,000 on credit to Zara. 7. March 23: Paid $6,000 cash to the Fabric Company, 8. March 25: Received cash from Zara for $5,000. 9. March 30: Paid $15,000 cash to Kia Motors. Required: a. [20 marks] Prepare journal entries for the above given transactions. b. [20 marks] Use your journal entries to prepare and balance the ledger accounts. c. [10 marks] Prepare a Trial Balance Use the below tables and add as much as needed rows Journal Entries Name/Description Category Ref Debit Credit Ledger Account Name: Ref: Trial Balance Debit Credit Click Save and Submit to save and submit. Click Save All Answers to save all answers. SC

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