6.1 Journalize each transaction, post the journal to the ledger accounts and extract a trial balance

as at 31 May 20X6.

20X6

May 1 Started in business with capital in cash of 800 and 2,200 in the bank.

== 2 Bought goods on credit from the following persons: J Ward 610; P Green 214;

M Taylor 174; S Gemmill 345; P Tone 542.

== 4 Sold goods on credit to: J Sharpe 340; G Boycott 720; F Titmus 1,152.

== 6 Paid rent by cash 180.

== 9 J Sharpe paid us his account by cheque 340.

== 10 F Titmus paid us 1,000 by cheque.

== 12 We paid the following by cheque: M Taylor 174; J Ward 610.

== 15 Paid carriage by cash 38.

== 18 Bought goods on credit from P Green 291; S Gemmill 940.

== 21 Sold goods on credit to G Boycott 810.

== 31 Paid rent by cheque 230.