You have been freshly graduated in business and accounts. Today, you went to an interview for junior accountant position at Simple Company (SC) Dubai. Interviewer has given you some papers related to the financials of the company to work on them. You have been given three hours to prepare your answer. . 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. You have been freshly graduated in business and accounts. Today, you went to an interview for junior accountant position at Simple Company (SC) Dubai. Interviewer has given you some papers related to the financials of the company to work on them. You have been given three hours to prepare your answer. . 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