QUESTION TWO You are to enter up the necessary accounts for the month of May from the following information relating to SIMPLEX Timbers. Then balance-off the accounts and extract a trial balance as at 31st May, 2020 20201 May 1 Started in business with capital in cash of GHC800 and GHC2,200 in the bank. Bought goods on credit from the following persons: J Ward GHC610; P Green 2 GHC214; M Taylor GHC174; S Gemmill GHC345; P Tone GHC542. 4 Sold goods on credit to J Sharpe GHC340; G Boycott GHC720; F Timus GHC1,152. 6 Paid rent by cash GHC180 9 J Sharpe paid us his account by cheque GHC340 10 F. Titmus paid us GHC1,000 by cheque. 12 We paid the following by cheque: M Taylor GHC174; J Ward GHC610 15 Paid carriage by cash GHC38. 18 Bought goods on credit from P Green GHC291; S. Gemmill GHC940 21 Sold goods on credit to G Boycott GHC810. 131 Paid rent by cheque GHC230