Reference no: EM131912925
Problem
May 1: Bought shop fittings and fixtures from store fitment $ 2000
May 2: Purchased goods on credit from Abel $ 800
May 4: Sold goods on credit to Bruce $900
May 9: Purchased goods on credit from Green $ 300
May 11: Sold goods on credit to Hill $ 850
May 13: Cash sales paid into bank $
May 16: Received cheque form Bruce in settlement of his account
May 20: Purchased goods on credit form Kay $ 780
May 21: Sold goods on credit to Wailor $ 360
May 22: Sent cheque to Abel on settlement of his account
May 22: Paid rent by cheque $ 700
May 23: Paid delivery expenses by cheque $ 100
May 24: Received from Hill $ 600 on account
May 30: Drew cheque for personal expenses $ 400 and assistant wages $ 450
May 31: Settled the account of Green.
Write up the transactions in the T-account of Kate Enterprises balance off and extract a trial balance for May 2006 balancing all accounts at the end of the period.
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