Gateway Ltd sets up a company and in the first nine days of trading the following transactions occurred 1 January They issue $10,000 share capital for cash
2 January They purchase goods for $4,000 and pay by cheque
3 January They buy delivery van for $2,000 and pay by cheque
4 January They purchase $1,000 of goods on credit
5 January They sell goods for $1,500 cash
6 January They sell all remaining goods for $5,000 on credit
7 January They pay $800 to suppliers by cheque
8 January They pay rent of $200 by cheque
Required
a) Complete the relevant ledger accounts
b) Extract a trial balance