Enter the following transactions of an antiques shop in the accounts and extract a trial balance, Income Statement and the Balance sheet as at 31 March 2021
2021 March 1 Started in business with ZMW 8,000 in the bank.
2021 March 2 Bought goods on credit from the following persons: L Frank ZMW 550; G Byers ZMW 290; P Lee ZMW 610.
2021 March 5 Cash sales ZMW 510.
2021 March 6 Paid wages in cash ZMW 110.
2021 March 7 Sold goods on credit to: J Snow ZMW 295; K Park ZMW 360; B Tyler ZMW 640.
2021 March 9 Bought goods for cash ZMW 120.
2021 March 10 Bought goods on credit from: G Byers ZMW 410; P Lee ZMW 1,240.
2021 March 12 Paid wages in cash ZMW 110.
2021 March 13 Sold goods on credit to: K Park ZMW 610; B Tyler ZMW 205.
2021 March 15 Bought shop fixtures on credit from Stop Ltd ZMW 740.
2021 March 17 Paid G Byers by cheque ZMW 700.
2021 March 18 We returned goods to P Lee ZMW 83.
2021 March 21 Paid Stop Ltd a cheque for ZMW 740.
2021 March 24 B Tyler paid us his account by cheque ZMW 845. 2021 March 27 We returned goods to L Frank ZMW 18.
2021 March 30 G Prince lent us ZMW 1,000 by cash. 2021 March 31 Bought a van paying by cheque ZMW 6,250.
