Question 1 (100 marks) You are to enter up the necessary accounts for the month of May from the following information relating to a small printing firm locates in North York. Then balance off the accounts and extract a trial balance as at 31 May 2021. 2021 May 1 Started in business with capital in cash of $800 and $9,200 in the bank. 5 Bought goods on credit from the following persons: J Ward $610; P Green $214; M Taylor $174; S Gemmill $345. ... 7 Sold goods on credit to: J Sharpe $340; G Boycott $720; F Titmus $1,152. 10 Paid rent by cash $230. 12 J Sharpe paid us his account by cheque $340. 18 F Titmus paid us $1,152 by cheque. 22 We paid the following by cheque: M Taylor $174; J Ward $610; P Green $214. 26 Paid carriage by cash $38. 29 Cash sales $810. 31 Paid rent by cheque $230. ** ** **