Zaidi commenced business on 4 January 2010 introducing £20,000 as his capital. Stated below is a summary of his transactions during the week to 8 January:

Required:

(a) Record these transactions in a Cash account, carrying down the balance as at 8 January.

(b) Post each transaction to the appropriate account in the ledger.

(c) Extract a Trial Balance as at close of business on 8 January 2010.

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Paid for furniture Paid to buy goods for sale Received as loan from Rizwi Paid as staff salary Paid for advertising his goods £24,000 £54,600 £5,000 £3,000 £400 Paid as rent for shop premises Received from sale of goods Paid for a car for business use Paid for gas and electricity Paid for a Cash Book and ledger £800 £62,500 £4,000 £240 £300