Donald’s transactions for the month of March 2012 are as follows:

Cash receipts ............... £

Capital contributed ............6 000

Sales to customers .............3 000

Cash payments

Goods for sale ..............4 000

Stationery ................ 500

Postage ................. 300

Travelling ................ 600

Wages ..................2 900

Transfers to bank ............. 500

Bank receipts ............... £

Receipts from trade debtors:

Smelt ..................3 000

Tait ...................9 000

Ure ....................5 000

Bank payments ............... £

Payments to trade creditors:

Craig ...................2 800

Dobie ..................5 000

Elgin ....................6 400

Rent and rates ...............3 200

Electricity ................. 200

Telephone ................. 100

Salaries ..................2 000

Miscellaneous expenses ........... 600

Other transactions

Goods purchased from:

Craig ...................3 500

Dobie ..................7 500

Elgin ..................7 500

Goods returned to Dobie .......... 400

Goods sold to:

Smelt ..................4 000

Tait .................... 10 000

Ure ....................8 000

Goods returned by Ure ........... 900

Discounts allowed:

Smelt .................. 200

Tait .................... 500

Ure ................... 400

Discounts received:

Craig ................... 50

Dobie .................. 100

Elgin ................... 200

Required:

(a) Enter the above transactions in appropriate ledger accounts.

(b) Balance each account as at 31 March 2012.

(c) Extract a trial balance as at that date.