Mr J. Walker, a trader in Lusaka’s Kamwala area, has not been keeping books of accounts till now when he has hired you to be his book keeper. The following are the opening balances on May 1, and the transactions for the operations of the month:
May 2019
1 Assets: Premises K34,000; Van K5,125; Fixtures K810; Inventory K6,390; Accounts receivable: P. Mullen K140, F. Lane K310; Cash at bank K6,240; Cash in hand K560.
Liabilities: Accounts payable: S. Hood K215, J Brown K640.
2 Paid storage costs by cheque K40.
3 Goods bought on credit from; S. Hood K145; D. Main K206; W. Tone K96; R. Foot K66.
4 Goods sold on credit to: J. Wilson K112; T. Cole K164; F. Syme K208; J. Allen K91; P. White K242; F. Lane K90.
7 Paid for motor expenses in cash K60.
9 Cash drawings by proprietor K150.
11 Goods sold on credit to: T. Cole K68; J. Fox K131.
14 Goods returned to Walker by; J. Wilson K32; F. Syme K48.
16 Bought another van on credit from Abel Motors Ltd K4,850.
19 The following paid Walker their accounts by cheque less 5 per cent cash discount: P. Mullen; F. Lane; J. Wilson; F. Syme.
22 Goods returned by Walker to R. Foot K6.
24 Goods bought on credit from: L. Mole K183; W. Wright K191.
27 The following accounts were settled by Walker by cheque less 5 per cent cash discount: S. Hood; J. Brown; R. Foot.
27 Salaries paid by cheque K740.
30 Paid business rates by cheque K140.
31 Paid Abel Motors Ltd a cheque for K4,850.

Required:
i. Post the journal entries for the opening balances complete with narrations.
ii. Record the daily transactions in the appropriate book of original entry.
iii. Open the appropriate accounts in the Purchases Ledger, Sales Ledger, and the General Ledger and post the transactions.
iv. Balance off the General Ledger accounts.
v. Prepare the closing Trial Balance as at 31 May 2019.