Riley opened Riley's Graphic Designs on 1 Apr 2016. During the first month of operations the following transactions occurred:

Apr

1 Riley invested $100 000 cash in the business

2 Paid $1 000 cash for shop rent for the month of April

3 Purchased equipment for $25 000, paying $10 000 in cash and $15 000 on account/ on credit

4 Paid $12 000 for 1 year accident insurance policy

10 Received electricity bill for $400 from Energy Australia for the month of April

15 Performed services on account for $6 200

20 Riley withdrew $700 from the business

22 Received $5 000 from customers invoiced on 15th April

25 Received $10 000 from customer as a deposit to provide services in the future

27 Paid cash on balance owing for equipment purchased on 3rd April

29 Purchased supplies $13 000 on account/ on credit

1. Journalise the April transactions

2. Open ledger accounts and post the April transactions

3. Prepare the trial balance at 30 April 2016