Following are the transactions of HASF who operated his business in the name of HASF and company while his capital investment is 50,000 on May 1 2021

May 1 Purchased merchandise for cash 35,000

May 2 sales merchandise for cash 48,000

May 3 Purchase merchandise on account 6,000

May 3 sales merchandise on account 7,200

May 5 Return credit merchandise from customer 1,200

May 7 Return damaged merchandise ( credit ) to company 1,000

May 8 cash received from customers 5,500

May 9 paid salary expense 5,000

NOTE: No need to enter Currency Symbol, no comma between numbers, answer will be in whole number no decimal place required and no need to enter any sign like + and - (for example: $10,000.60=10000.6)

1. Find out the following ledger balance and total trial balance at end of May 30

Calculate Cash Calculate Capital Calculate Purchases Calculate A/c payable Calculate Purchas return Calculate Sales Calculate A/c receivable Calculate Sales return Calculate Salary expense Calculate Trial balance total

2. find out the following values

Calculate Net sales Calculate Total cost of purchase Calculate Cost of goods sold if beginning inventory is 5,000 and ending inventory will be 20,000 Calculate Gross profit Calculate Total operating expense Calculate Net income Calculate Total current assets Calculate Total fixed assets Calculate Total assets Calculate Total liabilities Calculate Total owner equity