Enter the following transactions in the ledger of A$.$ Baker and prepare a trial balance at $31$ May, together with a calculation of the profit for the month and a statement of financial position at $31$ May.

May $1$ Started in business with M$1,500$ cash.

$2$ Purchased goods to the value of M$1,750$ from C$.$Dunn, to pay within $60$

days.

$3$ Bought fixtures and fittings for the bakery for M$150,$ paying by cheque.

$6$ Bought goods on time from E$.$Farnham for M$115.$

$10$ Paid rent of M$300$ paying cash.

$12$ Bought stationery $$ cash book and invoices $$ for M$75$ paying by cash.

$14$ Sold goods on time, value M$125$ to G$.$Harlem.

$20$ Bought an old van for deliveries for M$2,000$ on time from I.Jumpstart.

$30$ Paid wages of M$450$ net for the month by cheque.

$31$ Summarised cash sales for the month and found them to be M$2,500.$ Took a cheque for M$500$ as own wages for the month. Banked M$2,000$ out of the cash sales over the month.

$31$ Closing inventory was M$500.$