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Question 1: The following is a summary of the transactions that took place in ADEEB Ltd during October 2020: October 1st ADEEB started a new business with 50,000 cash. October 3rd bought equipment at a cost of 15,000 on credit from LMS Ltd. October 4th paid 5,000 monthly rent. October 6th bought inventory using 12,000 cash. October 9th sold stock of 14,000 for cash, and sold goods of 6,000 on credit to TRK Ltd. October 12th collected the 6,000 cash from TRK Ltd. October 14th paid 3,000 monthly insurance. October 16th ADEEB took 500 cash from the business to buy a gift for his son on his birthday. October 28th paid 1,000 monthly bills. October 29th paid 15,000 to LMS Ltd. Required a) Record the above transactions in a set of journal entries. (20 marks) b) Open ledger accounts for Cash, Insurance, and Sales, and calculate their final balances at the end of the period. (10 marks) c) Discuss Five types of common errors appearing in the trial balance. You must use relevant academic literature in your answer. (10 marks) (Total 40 marks)