Enter up the necessary accounts for the month of May from the following information relating to a small printing firm. Then balance off the accounts and extract a Trail Balance as at 31 May 2019.

May 2019 1 Started firm with Capital in Cash of 250

2 Bought goods on credit from the following persons: D Ellis 54; C Mendez 87; K Gibson 25; D Booth 76; L Lowe 64

4 Sold goods on credit to: C Bailey 43: B Hughes 62: H Spencer 176.

(10 marks)

3of4

6 Paid rent by cash 12

9 Bailey paid us his account by cheque 43.

10 H Spencer paid us 150 by cheque.

12 Paid the following by cheque: K Gibson 25; D Ellis 54.

15 Paid carriage by cash 23.

18 Bought goods on credit from C Mendez 43: D Booth 110.

21 Sold goods on credit to b Hughes 67.

31 Paid rent by cheque 18.

Question two (2) a) Nii Odei The Bank column in the Cash Book for June 2015 and the Bank Statements for that month for Nii Odei are as follows: CASH BOOK De 2.379 June 6 150 D Blake Gray 158 June 13 June 2 Balance bid June 8 B Green June 17 A Silver June 29 M Brown June 30 K Black 93 June 17 307 June 29 B Stephens Tennis Club Balance old 57 624 June 30 3.561 2014 BANK STATEMENT Dr Cr Balance June 1 Balancer 2.379 June 8 lodgement 158 2.537 June 17 D Blake 150 2.387 June 18 Lodgement 93 2.480 June 19 Gray 433 2,047 June 29 B Stephens 88 1.959 June 29 lodgement 307 2.266 June 30 UDT Standing order 44 2.222 June 30 Johnson BACS transfer 2,312 June 30 bank charges 70 Required: Update the revised Cash Book following receipt of the bank statement. Prepare a bank reconciliation statement as at 30 June 2018. (10 marks)