(a) Post the two general journal entries below to the general ledger accounts below. (b) Determine that carrying amount of the Machinery as at 31 March 2020. (c) Determine the net effect, of the transactions involving machinery, on the income statement for the month of March 2020. Cr= Post the dollar amount to the right side of the relevant general ledger account below All transactions are recorded, into a journal in chronological order. Dr = Post the dollar amount to the left side of the relevant general ledger account below Dr General Journal of Smith Ltd - the two journal entries that have yet to be posted: Date General ledger account name affected by the transaction: 29/3/20 Dr Machinery 450 000 Cr Cash |(to record the purchase of machinery) 450 000 29/3/20 Dr Cash Dr Accumulated depreciation - machinery Dr Loss on sale Cr Machinery (to record the sale of an item of machinery) 15 000 470 400 54 600 540 000