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please solve it in 30 mins I will thumb you up please fast please You are to enter up the necessary accounts for the month
please solve it in 30 mins I will thumb you up please fast please
You are to enter up the necessary accounts for the month of May from the following details, then balance off the accounts and extract a trial balance as at 31 May 2020. May 1 Started business with capital of $2,500, which was paid into the bank. May 2 Bought goods on credit from the following: D. Ellis $540; C. Mendez $87; K. Gibson \$76. May 4 Sold goods on credit to: C. Bailey $430; B. Hughes $62; H. Spencers $176. May 6 Sold goods for cash, \$500. May 8 Paid rent by cash, $120. May 9 Bailey paid us $250 by cheque May 10H. Spencer paid us $150 on his account by cheque. May 12 Paid the following by cheque: K. Gibson $76; D. Ellis, $370 on account. May 15 Bought stationery for cash, $60. May 18 Bought goods on credit from D. Ellis $145; C. Mendez $234. May 19 Paid rent by cash $120. May 25 Sold goods on credit to C. Bailey $90, B. Hughes $110, H. Spencer $128. May 31 Paid C. Mendez by cheque $87Step by Step Solution
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