You are to open the books of F Polk, a trader, via the journal to record the assets and liabilities, and are then to record the daily transactions for the month of May. A trial balance is to be extracted as on 31 May 20X9.

May 1 Assets: Premises 34,000; Van 5,125; Fixtures 810; Stock 6,390. Debtors: P Mullen 140; F Lane 310. Cash at bank 6,240; Cash in hand 560. Liabilities: Creditors: S Hood 215; J Brown 460.

1 Paid storage costs by cheque 40. 2 Goods bought on credit from: S Hood 145; D Main 206; W Tone 96; R Foot 61. 3 Goods sold on credit to: J Wilson 112; T Cole 164; F Syme 208; J Allen 91; P White 242; F Lane 77. 4 Paid for motor expenses in cash 47. 7 Cash drawings by proprietor 150. 9 Goods sold on credit to: T Cole 68; J Fox 131. 11 Goods returned to Polk by: J Wilson 27; F Syme 41. 14 Bought another van on credit from Abel Motors Ltd 4,850. 16 The following paid Polk their accounts by cheque less 5 per cent cash discount: P Mullen; F Lane; J Wilson; F Syme. 19 Goods returned by Polk to R Foot 6. 22 Goods bought on credit from: L Mole 183; W Wright 191. 24 The following accounts were settled by Polk by cheque less 5 per cent cash discount: S Hood; J Brown; R Foot. 27 Salaries paid by cheque 480. 30 Paid business rates by cheque 132. 31 Paid Abel Motors Ltd a cheque for 4,850. I! 11 I! I! I!

Note: Please answer draw all the necessary books i asked previous this question i got only the journal entries i want the journal entries, then ledger accounts and then trial balance. also im a really beginner so if u making a journal entries give a some description of every thing why we drawing this thanks