Record Muriel’s transactions for the month of May, balance off all accounts, and extract a trial balance as at 31 May 19_8.

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May 1 Started business with 5 000 in the bank and 2 000 cash 2 Bought goods for cash 400, on credit from L. Jones 200, from A. Smith 300 4 Bought fixtures on credit from Desk Ltd. 600 7 Sold goods for cash 250, on credit to B. Black 350, K. White 450 9 Paid L. Jones 10 Received a loan from A. Friend by cheque 1 000 12 Returned some fixtures, invoiced at 100, to Desk Ltd 14 Paid Desk Ltd. a cheque for 500 14 Paid rent by cheque 175 17 Bought goods for cash 500, on credit from L. Jones 400 23 Sold goods for cash 275, on credit to B. Black 375, K. White 475 29 Received a cheque from B. Black 725 31 Paid monthly salary by cheque for 450, rent by cheque 175