Mr Pendo commenced trading as a wholesaler stationer on 1 May 2019 with a capital of Kshs 5,000.00 with which he opened a bank account for his business.

During May the following transactions took place.

May 1Bought shop fittings and fixtures from store fitments Ltd for Kshs 10,000.00

May 2Purchased goods on credit from Abel Kshs 20,650.00

May 4Sold goods on credit to Bruce Kshs 10,700.00

May 9Purchased goods on credit from Green Kshs 15,300.00

May 11Sold goods on credit to Hill Kshs 9,580.00

May 13Cash sales paid into bank account Kshs 20,200.00

May 16Received cheque from Bruce in settlement of his account

May 17Purchased goods on credit from Kay Kshs 15,800.00

May 18Sold goods on credit to Nailor Kshs 12,360.00

May 19Sent Cheque to Abel in settlement of his account

May 20Paid rent by cheque Kshs 7,200.00

May 21Paid delivery expenses by cheque Kshs 9850.00

May 24Received from Hill Kshs 9,200.00 on account

May 30Drew cheque for personal expenses Kshs 6,200.00 and assistant wages Kshs 5,320.00

May 31Settled the account of Green.

Required

i)Record the transactions in the books of prime entry. (5 Marks)

ii)Post the entries in the ledger accounts (3 Marks)

iii)Extract a trial balance as at 31 May 2019.(2 Marks)