The following transactions took place in the month of March, 2019. 8. 2019 March 1 March 2 Started business with K800 in the bank Bought goods on credit from the following persons: K. Henriques K76; M Hyatt K27; T. Braham K56; Cash sales K87 Paid wages cash K14 Sold goods on credit to: H. Elliott K35; L. Lane K42; H. Carlton K72 Bought goods for cash K46 Bought goods on credit from: M. Hyatt K57; T; Braham K98 Paid wages in cash K14 Sold goods on credit to: L. Lane K32; H. Carlton K23 Bought shop fixtures on credit from Betta Limited K50 Paid M. Hyatt by cheque K84 We returned goods to T. Braham K20 Paid Betta Limited a cheque for K50 J. Carlton paid us his account by cheque K95 We returned goods to K. Henriques K24 J. King lent us K60 by cash Bought a motor van paying by cheque K400 March 5 March 6 March 7 March 9 March 10 March 12 March 13 March 15 March 17 March 18 March 21 March 24 March 27 March 30 March 31 Required a) Define the following: double entry system and the accounting equation, and trial balance. Enter up the books for the above transactions. b) Extract a trial balance as at March 31, 2019. c)

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