You are required to: a. Enter the following transactions b. Open the relevant accounts c. Prepare...

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You are required to: a. Enter the following transactions b. Open the relevant accounts c. Prepare the trial balance (1)Mr. A started business with 100000 cash in hand and 100000 at the bank. (2) He bought a car for 10000, 50% by cash and 50% on credit. (3) He bought office furniture and equipment of 20000 on credit. (4) He paid rent 300 in cash. (5) He purchased goods of 5000, 20% by cash and 80% on credit. (6) He sold the goods for 8000, 50% by cash and 50% on credit. (7) He took cash of 1000 for personal expenses. (8) He sold the car for 8000 on credit. (9)He paid the for office repairs 2000 by cheque. (10)He paid for electricity bill 35 by cash and 45 for telephone expenses by cheque. You are required to: a. Enter the following transactions b. Open the relevant accounts c. Prepare the trial balance (1)Mr. A started business with 100000 cash in hand and 100000 at the bank. (2) He bought a car for 10000, 50% by cash and 50% on credit. (3) He bought office furniture and equipment of 20000 on credit. (4) He paid rent 300 in cash. (5) He purchased goods of 5000, 20% by cash and 80% on credit. (6) He sold the goods for 8000, 50% by cash and 50% on credit. (7) He took cash of 1000 for personal expenses. (8) He sold the car for 8000 on credit. (9)He paid the for office repairs 2000 by cheque. (10)He paid for electricity bill 35 by cash and 45 for telephone expenses by cheque.