Darron starts his business on 1 May. He plans to buy plain T-shirts, print them with his own designs, and sell them to small retailers. The following transactions take place in his first month of trading, and you are asked to post them to T-accounts, balance-off the accounts and prepare a trial balance at 31 May:

May 1 Opens a business bank account with \(£ 800\) of his own money.

3 Borrows \(£ 2,000\) from HBSC, repayable in four years' time.

5 Buys screen printing machine (which he will use to produce the finished T-shirts) paying by cheque \(£ 2,500\).

7 Pays for online advertising, \(£ 75\) using debit card.

9 Buys plain T-shirts for \(£ 200\), paying by bank transfer.

11 Buys more plain T-shirts on time from M. Ball, \(£ 700\).

13 Sells some printed T-shirts; customer pays by cheque \(£ 380\).

15 Sells some printed T-shirts to N. Chadwick on time, \(£ 470\).

17 Sells some printed T-shirts to J. Vaughan on time, \(£ 550\).

19 Darron takes \(£ 110\) from the business bank account for his own personal use.

21 J. Vaughan returns unsatisfactory T-shirts (original sale value \(£ 60\) ).

23 Pays \(£ 300\) cheque to M. Ball on account.

25 Receives \(£ 170\) cheque from N. Chadwick on account.

31 Pays electricity charges for May, \(£ 145\) direct debit.