You are to prepare a set of exemplar financial reports, which the trainee accountants can place in the file and use for reference.

1.use appropriate books of original entry and double entry accounts to extract a trial balance from the details contained in Appendix 1.

Appendix 1 Use appropriate books of original entry and double entry account to extract a Trial Balance from the following details for the month of January:

January 1 Started business with 20 000 in the bank January 2 Bought goods on credit from the following: o K Smith 75 o M Zainab 22 o T Doggart 58 January 5 Cash sales 187 January 6 Paid wages in cash 254. January 7 Sold goods on credit to: o H Maclean 35 o L Rory 42 o J Gardener 72 January 9 Bought goods for cash 259 January 10 Bought goods on credit from: o M Zainab 57 o T Doggart 98. January 12 Paid wages in cash 314 January 13 Sold goods on credit to: o L Rory 32 o J Gardener 23 January 15 Bought shop fixtures on credit from Store Ltd 2 550 January 17 Paid M Zainab by cheque 67 January 18 We returned goods to T Doggart 20 January 21 Paid Store Ltd a cheque for 550 January 27 We returned goods to K Smith 12 January 30 Kettle and Co Ltd lent us 6 000 in cash January 31 Bought a motor van paying by cheque 4 000.