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3G . (72) 7:05 PM Question no 2 Need to record the following transactions with narrations for the month of May of ABC retailer, balance off all the accounts, and then extract a trial balance as at 31 May 2020: 2020 May 1 Started in business with RS 10,500 cash. == 2 Put RS 9,000 of the cash into a bank account. == 3 Bought goods for cash RS 550. == 4 Bought goods on credit from: Ali RS 800; Basit RS 930; Fahim RS 160; Samar RS 510. == 5 Bought stationery on credit from Buttons Lid RS89. == 6 Sold goods on credit to: Hurr RS 170; Muzammil RS 240; Singh RS 326; Minhal RS 204. == 8 Paid rent by cheque RS 220. == 10 Bought fixtures on credit from Chiefs Ltd RS 610. == 11 Paid salaries in cash RS 790. = 14 Returned goods to: Basit RS 30; Fahim RS 42. == 15 Bought van by cheque RS 6,500. == 16 Received loan from Yashar by cheque RS 2,000. == 18 Goods returned to us by: Hurr RS 5; Singh RS 20. 2| Page == 21 Cash sales RS 145. 24 Sold goods on credit to: Muzammil RS 130; Minhal RS 410; Miqdad RS 158. == 26 We paid the following by cheque: Basit RS 900; Fahim RS 118. = 29 Received cheques from: Miqdad RS 158; Muzammil RS 370. == 30 Received a further loan from Yashar by cash RS 500. == 30 Received RS 614 cash from Minhal. O