Post each entry to the appropriate ledger accounts by using T account format and show its closing balance and opening balance for next month. Note that cash and bank accounts are prepared separately. (24 marks)

The following transactions of Suzanne Ltd took place during its first month of operations. Mar-1 Started business with $380,000 in cash Mar-2 Bought goods on credit from Anson Ltd $130,000 Mar-3 Paid rent by cash $8,700 Mar-4 Paid $100,000 of the cash of the firm into a bank account Mar-5 Sold goods on credit to Esther Ltd $10,025 Mar-7 Bought stationery $105, paid by cheque Mar-11 Cash sales $5,000 Mar-14 Goods returned by us to Anson Ltd $3,000 Mar-16 Suzanne paid Anson Ltd $50,000 by cheque. Mar-20 Paid for repairs to building by cash $2,046 Mar-22 Esther Ltd returned goods to us $1,005 Mar-27 Esther Ltd paid Suzanne Ltd $8,500 by cheque. Mar-28 Cash purchases $5,000 Mar-29 Bought a motor van paying by cheque $35,000 Mar-30 Paid motor expenses in cash $15,000 Mar-31 Bought fixtures $20,000 on credit from Brandon Furniture Ltd