Mr J Ockey commenced trading as a wholesaler stationer on 1 May 2000 with a capital of 5,000.00 with which he opened a bank account for his business.

During May the following transactions took place.

May 1 Bought shop fittings and fixtures from store fitments Ltd for 2,000.00

May 2 Purchased goods on credit from Abel 650.00

May 4 Sold goods on credit to Bruce 700.00

May 9 Purchased goods on credit from Green 300.00

May 11 Sold goods on credit to Hill 580.00

May 13 Cash sales paid into bank account 200.00

May 16 Received cheque from Bruce in settlement of his account

May 17 Purchased goods on credit from Kay 800.00

May 18 Sold goods on credit to Nailor 360.00

May 19 Sent Cheque to Abel in settlement of his account

May 20 Paid rent by cheque 200.00

May 21 Paid delivery expenses by cheque 50.00

May 24 Received from Hill 200.00 on account

May 30 Drew cheque for personal expenses 200.00 and assistant wages 320.00

May 31 Settled the account of Green.

Required

a) Record the transactions in the books of prime entry.

b) Post the entries in the ledger accounts

c) Balance the ledger accounts where necessary

d) Extract a trial balance as at 31 May 2000.