Reference no: EM132686438
Question - The May transactions were as follows:
May 2 Received $450 cash from customers on account.
May 8 Invoiced customers for services performed, $1,750.
May 12 Paid employee salaries, $600.
May 15 Performed $300 of services for customers who paid in advance in April for services to be performed in May.
May 18 Paid $800 to creditors on account.
May 25 Paid a $250 cash dividend (declared and paid).
May 31 Paid electricity, $350.
Required -
a) Journalise the transactions.
b) Post to the ledger accounts, which you prepared in part a).
c) Prepare a trial balance as at 31 May.