Garvey had the following transactions for the month of January 2007.
January 1 Started business with cash 50,000.
January 1 Paid cash for rent 500
January 2 Paid cash for fixtures. 5,000
January 3 Purchased on credit goods from
E. John. 475
January 5 Cash Purchases 1599
January 13 Cash sales 300
January 18 Sold goods on credit to A. Goodman 742
January 27 Received cash from A. Goodman 500
January 31 Stock of goods sold for cash 520
(A)Record and balance transactions in the relevant accounts including a cash account in the ledger of A. Garvey.
(B)Extract a Trial Balance.