c$)$ Mona commenced trading in June $2024.$ It is now July $2024$ and Mona has finished her first month

of trading.

The following information relates to the first month of trading for Mona:

$1$ June: To start her business. Mona invested $60\mathrm{.}000$ of her own money into the business. This

money was lodged in the business bank account on this date.

$3$ June: Mona spent some time sourcing a rental property in her local town. After two weeks,

Mona rented a shop with a yard from where she intends to sell her cars. She paid $3,000$ by

direct debit for the first month's rent.

$5$ June: To assist with running of the business, Mona employed a part time employee

$($mechanic$)$ to work three days a week fixing the cars for resale, and a full$-$time salesperson.

The monthly salary bill is $4,000.$ Mona paid a full month's salary for June on this date by

direct debit.

$6$ June: Mona paid $1\mathrm{.}500$ by cash for advertising in the local newspaper, radio, and Tik Tok

campaigns.

$8$ June: Mona purchased fumiture for use in the business costing $8,000$ and paid for this by

cheque.

$9$ June: Mona purchased cars $[$for resale$]$ from a supplier for $15,000$ and paid by cheque.

$11$ June: Cash sales amounted to $30,000$ and the money was lodged into the business bank account

on the same day.

$13$ June: Mona purchased equipment for use in the business costing $9,000$ by cheque.

$15$ June: Mona purchased cars $[$for resale$]$ from a supplier for $20,000.$ Mona purchased these

goods on credit receiving $2$ month's credit from the supplier.

$17$ June: Mona paid $750$ for an electricity bill for the first month's expense by direct debit.

$19$ June: Credit sales were $45,000.$ One month's credit was given to the customers.

$21$ June: Following the successes from the first month of trading. Mona decided to put a deposit

down on a holiday. Mona took $2,000$ from the business bank account for personal use.

$24$ June: Sales returns for June amounted to $1,200.$ These sales returns related to credit sales. The

customer had not paid for the goods by this date.

There was no closing inventory at the end of June $2024.$

Requirement:

i$.$ Write up and balance the nominal ledger accounts of Mona's business to ${30}^{th}$ June $2024.$

ii$.$ Extract a Trial Balance of Mona's business on ${30}^{th}$ June $2024.$