On 1st May 2003, the following were ledger balances of M/s MTR & Co.: Cash in hand 300, Cash at Bank 7000, Bills payable 1000, Zahir (Dr.) 800, Stock 4000, Gobind (Cr.) 2000, Sharma (Dr.) 1500, Ram Lal (Cr.) 900, Capital??? Journalize, and prepare ledger and Trial Balance.

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May 2 Bought ingredients of Gobind 900 3 Sold to Sharma 1000 4 Bought ingredients from Ram Lal 1200 8 Sold to Zahir 500 15 Gobind paid by cheque 1500 18 Received from Sharma by cheque 2000 Allowed him discount 50 20 Sold food to Sharma 800 20 Paid rent by cheque 150 25 Sold to Zahir 31 Paid salaries 1000 300