MAY TRANSACTIONS The following transactions in May 209 are those of a new business entity. Home Oak Garden Traders. \begin{tabular}{l} May 20X9 \\ \hline Date \\ 1 Set up the entity with capital in cash: \( \mathrm{GH} \Varangle 2,500,000 \). \end{tabular} Bought goods on credit from the following suppliers: The Bushes Company GH\&540,000, Flower City GH870,000, D Gibson GH\&250,000, Weedkill GH 6760,000 , T Greenery GH\&640,000. Sold goods on credit to: The Office Company GH/430,000, V Cork GH\&640,000. Texas Chain Stores GH/1,760,000. Paid rent GH120,000. The Office Company paid the GH4430,000 that it owed. Texas Chain Stores paid GH$1,500,000. The following payments were made: to D Gibson GH4250,000 and to The Bushes Company GH540,000. Advertising costs of GH230,000 were paid to the local newspaper publisher. 18 Bought goods on credit from the following suppliers: The Bushes Company GH/430,000, Landscape GH/1,100,000. 21 Sold goods on credit to Public Parks GH670,000 Paid rent GH\&180,000. Required (a) Use T accounts to show how these transactions should be recorded in the main ledger accounts of the entity. The accounting system maintains separate accounts for each individual payable and receivable in the main ledger. (b) Prepare a trial balance as at 31 May 209. (12 marks)