A. Identify and explain two source documents needed to initialize an entry in the books - 5 marks B. List five main importance of using journal - 5 marks C. Great Gardens, Inc., had the following transactions during its first month of operations: May 1 Great Gardens received $20,000 cash and issued common stock to the stockholders. May 1 Paid the May rent. $1,000 by cash May 3 Purchased equipment on account for $6,000. May 5 Purchased gardening supplies for $2,000 on account. May 8 Performed services for a client and received cash of $1,800. May 12 Performed services for a client and billed the customer $12,200. The customer promised to pay within 10 days. May 15 Paid cash for the equipment purchased May 3 on account May 22 Received cash payment from a customer on account $12.200. May 28 Borrowed $20,000 from First National Bank for business use May 30 Paid the employee salaries of $3,000 for the month by cash May 31 Paid the utility bill of 5800 by cash Required: Record the transactions of the business in the appropriate journal. - 20 marks Time left 2:5