The May transactions were as follows: 

May 4 Performed $650 of electrical services for customer who paid in advance in April. 

5 Performed electrical services for a client and received cash of $1,280. 

7 Purchased supplies on account for $300. 

9 Collected accounts receivable of $500. 

15 Paid the receptionist a salary of $450. 

16 Paid accounts payable of $1,700. 

17 Received a contract for $2,000 to perform electrical work in June. 

18 Performed electrical services for $1,000 on account. 

20 Received a utility bill for $370 to be paid in June. 

25 H. Nazari invested $1,000 into the business. 

30 Paid the receptionist a salary of $450. 

31 H. Nazari withdrew $300 cash for personal expenses.

Instructions 

 Prepare a trial balance as at May 31, 2024. 

Answer rating: 100% (QA)

SOLUTION To prepare a trial balance we need to list all the accounts and their balances as of the end of the accounting period in this case May 31 202... View the full answer