In: Accounting
The Following Transactions are for Elliot's Business:
A.Elliot purchased goods for resale $9631 from Watson.
B.He sold goods $5000 to Duane on credit
C.Elliot sold goods for cash $1000
D. He paid motor expenses $2785 paying cash
Required:Enter the transactions in Elliot's Ledger.Carry down any balances and check the accuracy of the entries by extracting a trial balance.