3.11 PRACTICAL PROBLEMS Problem 3-2 Following transactions were carried out by Ashar Trading Enterprise during the month of May 2020. 05. Collected the amount of Rs. 16,700 from Shah Sons for merchandise sold to them during April, 2020. 09. Received the amount due from Reliance Traders on account of goods supplied amounting to Rs. 18,000 on 26 April 2020 on credit terms of 1/15, n/30. 10. Received dues from Reliance Traders of Rs. 5,800 for goods sold to them during April, 2020. 14. Collected Rs. 8,400 for cash sales during the week. 16. The canteen contractor deposited an amount of Rs. 12,000 for the rent of May 2020. 20. Received Rs. 560 on disposal of scrap material. 28. Received amount due from Good Luck Trading Enterprise for merchandise sold to it at the invoice price of Rs. 15,000 on 30 days credit terms. Required: Convert Insert Replay a) Record the above transactions in the cash Receipt Journal and allot suitable account numbers of control accounts. b) Post these transactions in the control ledger of Accounts Receivable which had the opening balance of Rs. 77,600. c) Post these transactions also in the subsidiary ledger accounts which had the following opening balances 1. Reliance Traders Shah Sons iii. Zaib Traders iv. Good Luck Trading Enterprise Rs. 23,800 25,200 13.600 15,000