7.8X Enter the following, personal accounts only. Bring down balances at the end of the month. After completing this, state which of the balances represent debtors and those which are creditors. 2007 May 1 Credit sales to B. Flynn $241, R. Kelly $29, J. Long $887, T. Fryer $124. May 2 Credit purchases from S. Wood $148, T. DuQuesnay $27, R. Johnson $7.7, G. Henriques $108. May 8 Credit sales to R. Kelly $74, J. Long $132. May 9 Credit purchases from T. DuQuesnay $142, G. Henriques $44. May 10 Goods returned to us by J. Long $17, T. Fryer $44. May 12 Cash paid to us by T. Fryer $80. May 15 We returned goods to S. Wood $ 8, G. Henriques $18. May 19 We received cheques from J. Long $500, B. Flynn $241. May 21 We sold goods on credit to B. Flynn $44, R. Kelly $280. May 28 We paid by cheque the following: S. Wood $140;G. Henriques $50; R. Johnson $60. May 31 We returned goods to G. Henriques $4