You are required to prepare a written report for the following tasks. Transactions for the month of December of a small retailer, XYZ ENTERPRISE are given as the following. 2019 Dec 1 Initial investment to start the business with $225 000, cash. 2 Put $90 000 of the cash into bank account 3 Bought goods for cash $5500 4 Bought goods on credit from Kale $800, Saly $930 , Jale $160 and Bale $510 5 Bought stationery on credit from Bean $89 6 Sold goods on credit to Camy $170, Bamy $240, Gamy $326, Tamy $204 7 Rent paid by cheque $220 10 Bought fixtures and fittings by credit from Chuni Bros $610 11 Paid salaries in cash $790 14 Returned goods to Saly $30, Jale $42 15 Bought van by cheque $6500 16 Received loan from Bailey by cheque $2000 18 Sales returns to Camy $ 5, Gamy $20 . 21 Cash Sales $145 24 Sod goods to Bamy $130, Tamy $410, Pamy $158 26 Amount paid by cheques to Saly $900, Jale $118 29 Received cheques from Bamy $158, Pamy $370 30 Received further loan from Bailey by cash $500 30 Received $614 cash from Tamy ASSIGNMENT Page 3 of 12 Required (a) Prepare books of prime entry for the above transactions (b) Record the transactions ledgers and balance off ledgers (c) Extract a trial balance