Case study 2: Maria (more difficult) This case study requires the preparation of accounts from the opening of a business to a trial balance. Maria opened a fashion shop on 1 May 2018. On 1 May, Maria provided the following assets: vehicle $11 800, furniture $3900, bank $5 400. The following transactions occurred during the first month in business: May 3 Purchased goods for resale on credit $4735 5 Withdrew $325 from the business's bank account for use in making cash payments by the business 6 Maria withdrew a cheque for $148 for private use 9 Cash sales totalled $1684 11 Paid staff wages of $489 in cash 14 Sales on credit totalled $2427 17 Paid rent of premises by cheque, $822 18 Paid vehicle running expenses of $95 in cash 19 Maria made a gift of $30 to a friend, using the business's cash 21 Received cheques for $1931 from accounts receivable 25 Paid staff wages of $823 in cash 26 Paid $390 cash into the business's bank account 30 A member of staff told Maria that he had been overpaid on 25 May and returned $32 cash a. Record all these transactions in ledger accounts. b. Prepare a trial balance dated 31 May 2018. Note: There is no need to balance or close any accounts; trading and profit and loss accounts and a final statement of financial position (balance sheet) are not required