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please solve it in 30 mins I will thumb you up please fast You are to enter up the necessary accounts for the month of
please solve it in 30 mins I will thumb you up please fast
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. MayMay8Paidrentbycash,$120.9Baileypaidus$250bycheque 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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