Mr JRK commenced business on 1st November 2017. the following transactions occurred in the month:

1st He introduced cash of $700,000 into the business

2nd He made credit purchases of inventory valued at $120,000

5th Credit sales were $200,000

6th He paid $15,000 to rent three vehicles for the business

7th He purchased new office furniture for $25,000 cash

9th He got a loan of $500,000 from the bank for the business

10th He paid his workers $10,000

15th He paid himself a salary of $35,000

22nd A debtor paid $155,000

28th He paid a creditor $110,000

29th He repaid the bank, $170,000 of the loan he borrowed on the 9th

a. Write up the relevant ledger account for the month

b. Extract the Trial Balance

c. Given that the inventory on the 30th November 2017 was valued at $35,000, prepare the relevant income statement and the statement of financial position.

You don't have to do part c but the first two will help see if I did it correct. If you need more money let me know