You are to enter up the necessary accounts for the month of May from the following details, and then balance off the accounts and extract a trial balance as at 31 May 2007
2007
1-May	Started in business with a capital of $2,500, which was paid into the bank
2-May	Bought goods on credit from the following: D. Ellis $540; C. Mendez $87; K. Gibson $76
4-May	Sold goods on credit to: C. Bailey $430; B. Hughes $62; H. Spencer $176
6-May	Sold goods for cash $500
8-May	Paid rent by cash, $120
9-May	Bailey paid us $250 by cheque on account
10-May	H. Spencer paid us $150 on account by cheque
12-May	We paid the following by cheque: K. Gibson $76; D. Ellis, $370 on account
15-May	Bough stationery for cash, $60.
18-May	Bought goods on credit from D. Ellis $145; C. Mendez $234
19-May	Paid rent by cash $120
25-May	Sold goods on credit to C. Bailey $90, B. Hughes $110, H. Spencer $128
31-May	Paid C. Mendez by cheque $87