Semester 1. 2020/2021 INTRODUCTION TO ACCOUNTING 1 The following information relates to the business transaction of Tyler Construction Merchant Lid May 1 Started Business with cash of GHC80,000 and GHC220,000 in the bank May 2. Bought goods on Credit from the following suppliers Nicola Led Alexa Inc. GHC21.400 Taylor Enterprise GHC 17.400 Theo Ltd GHC34,500 Fliss Enterprise GHC54.240 May 4. Sold goods on credit to the following customers: Sharp Construction Ltd GHC34,000 Gemma Engineering Lid GHC72,000 Bonaventure Enterprise GHC115,260 May 6. Paid Rent by cash GHC1,800 May's Bought goods on credit from Nicola Lad GHC4,115 May 9. Sharp Construction Lid paid their accounts by Cheque GHC30,400 May 10. Bonaventure Enterprise paid GHC100,000 by cheque. May 12. Paid the following Supplies by cheque: Taylor Enterprise GHC17,400 Nicola Ltd GHC61,015 May 14. Cash sales to date GHC12,600 May 18. Bought goods on credit from the following suppliers: Alexa Inc. GHC29.100 Theo Lid GHC9,400 May 20. Paid General Administrative Expenses by cash GHC 14,750 May 21. Sold goods on Credit to the following customers: Gemma Engineering GHC81,031 May 21. Paid Rent by Cheque GHC2,300 May 23. Paid Electricity and Water Charges by cheque GHC16,940 May 29. Paid Wages and Salaries by Cheque GHC48,960 May 31. Paid Rent by Cheque GHC2,300 May 31. Paid the following suppliers by cheque: Alexa Inc. GHC25,000; Theo I.ad GHC18.900 and Fliss Enterprise GHC34.240 Required: Enter the above transactions in the necessary ledger accounts of Tyler Construction Merchant Lad: Balance off the accounts and extract a trial balance as at 31" May 2017. ACCT Itsahin Zhang FAU CAN MINA FEA ACM