[charles12]

Hi I need help with this trial balance question.. this is my first time doing accounts.. my teacher doesn't explain it good so could you explain it for please..

May 6 -Started firm with capital in cash of $250
May 2 - brought goods on credit from the following persons: D.Ellis,$54; C.Mendez, $87; K. Gibson, $25; D. Booth, $76; L.Lowe,$64.
May 4- Sold goods on credit to : C.Bailey, $43; B.Hughes,$62; H.Spencer, $176.
May 6- Paid rent by cash,$12
May 9- Bailey paid us his account by cheque, $43
May 10- H.Spencer paid us $150 by cheque
May 12- We paid the following by cheque: K.Gibson,$25; D.Ellis,$54
May 15- Paid carriage by cash, $23.
May 18- Brought goods on credit from C.Mendez,$43; D.Booth,$110
May 21- Sold goods on credit to B.Hughes, $67
May 31- Paid rent by cheque,$18