Part A Yannick has started business as a trader on 1 January, 2017. The following transactions and events of trading for his first month are as follows: Date Transaction 1 Started the business by introducing $600,000 into the business bank account. Rent is paid by cheque $5000 for the month. Yannick paid $70,000 in cash for a van. 10 Yannick purchased goods costing $80,000 on credit from Ali (invoice no Ali123). Yannick sold goods for $6000 in cash. Yannick sold goods for $20,000 on credit to Ahmed (invoice no Ahmed001) 24 Yannick paid the amount, taking advantage of a 10% settlement discount with respect to invoice no. Alil23. 25 Ahmed paid to Yannick, taking advantage of a 5% settlement discount with respect to invoice no. Ahmed001. Required: 1- Enter the above transactions into an appropriate cash book. 2- Post the transactions directly to the appropriate nominal ledger accounts. 3- Prepare the trial balance as at June 30, 2017. [Marks: (10+10+6)=26]