Recording Transactions Using Double Entry

The following transactions were recorded during May 2020 at Khoffis Coffee Shop:

1 May Khoffi started the business with 1,500 in the bank and 500 cash.

2 May Purchased goods to the value of 1,750 from C Dean on credit.

3 May Bought fixtures and fittings for the kitchen for 150, paying by cheque.

6 May Bought goods on credit from E Farah for 115.

10 May Paid rent of 300 using cash.

12 May Bought stationery (cash book and invoices) for 75 paying by cash.

14 May Sold goods on credit, value 125, to G Hussein.

20 May Bought an old vehicle for deliveries for 2,000 on credit from Jumbo Motors.

30 May Paid wages of 450 net for the month by cheque.

31 May Summarised cash sales for the month and found them to be 2,500. Took a cheque for 500 as own wages for the month. Banked 2,000 out of the cash sales over the month.

31 May Closing stock was 500.

Tasks

1. Enter the transactions above in the ledger of Khoffis Coffee Shop (ie record the transactions using double entry).
2. Balance the accounts of Khoffis Coffee Shop.
3. Prepare a trial balance for the period ending 31 May 2020.