The following transactions were extracted from the books of Kwabeng enterprise for February 2020 February Commenced business with a capital of GHC15,000 cash 05 03 Purchased good GHC6,000 Purchased...

Extracted text: The following transactions were extracted from the books of Kwabeng enterprise for February 2020 February Commenced business with a capital of GHC15,000 cash 05 03 Purchased good GHC6,000 Purchased goods on credit from S & Co. GHC3,000 07 10 Purchased furniture GHC2,400 Returned goods to S & Co. GHC600. Sold goods GHC3,900 10 11 12 Received an invoice from Smith GHC5,000 15 Sold goods on credit to DD GHC2,250 Paid salaries GHC960 20 22 Purchased a van GH€50,000 on credit from Silver Star Auto Ltd. 24 Received commission GHC75 25 Goods returned by DD GHC450 25 Received cash from DD GH€1,500 26 Paid to S & Co. GH€1,800 Withdrew from business GHC900 for personal use Borrowed from KK GHC1,500 27 28 Required: 1. Record the above transactions in the appropriate journals 2. Post entries to relevant ledger accounts 3. Prepare a trial balance.