I. Openning balance as at 01st, May, 2021 as follows: Cash 650 Accounts payable 250 Accounts receivable 800 Common stock 2.500 Prepaid rent expense 100 Salaries payable 150 1.800 Retained earnings 550 Merchandise (Merchandise A, quantity: 100kg, unit cost: 18/kg) Fixed asset 2.400 Accumulated depreciation (2.300) Other accounts have zero balance or no balance. I. Openning balance as at 01st, May, 2021 as follows: Cash 650 Accounts payable 250 Accounts receivable 800 Common stock 2.500 Prepaid rent expense 100 Salaries payable 150 1.800 Retained earnings 550 Merchandise (Merchandise A, quantity: 100kg, unit cost: 18/kg) Fixed asset 2.400 Accumulated depreciation (2.300) Other accounts have zero balance or no balance