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Question 3 Consider the following transactions in answering the required questions. (a) Journalize the following transactions using special journals for sales, purchases, cash receipts, and cash payments. Also prepare the general journal whenever necessary. (b) Prepare general and subsidiary ledgers for the following transactions considering opening balance of cash Tk. 30,000 List of transactions April 1 Purchased merchandise on account from X Co. Tk. 20,000, 2 Paid one-year rent Tk. 20,000 for a storage space 3 Transfer Tk 2,000 cash to the petty cashier. 4 Sold merchandise on account Tk. 8,000 to Y Co. 5 Purchase supplies on account from Z Co. Tk. 3,500. 6 Return merchandise to X Co. worth Tk. 3,000 that found damaged during shipment. 7 Total cash sales of merchandise for the week Tk. 9.000. 8 The owner withdraws Tk. 5,000 for personal use. 9 Collected cash from Y Co. in full settlement against transaction dated April 4 less 2% discount. 10 Incurred advertisement on account in the Daily Star. Tk. 3,000. 11 Purchased merchandise on account from A Co. Tk. 12,000. 12 Sold merchandise on account Tk. 25,000 to B Co. 13 Received Tk. 8,000 advance from Y Co. for goods that will be delivered in the next month. 14 Total cash sales of merchandise for the week Tk. 15,000. 15 Sold merchandise on account Tk. 30,000 to P Co. 16 Received Tk. 20,000 from DBBL, money borrowed against a note payable. 17 Purchased merchandise on account from X Co. Tk. 25,000 18 Purchased equipment for cash Tk. 18,000. 19 Received return of damaged merchandise from P Co, worth Tk. 2,000, 20 Paid X Co in full less 2% discount. Discount is available only for transaction made in previous 7-days 21 Total cash sales of merchandise for the week Tk. 9,500. 22 Purchased merchandise for cash Tk. 4,000 23 Sold merchandise on account Tk. 13,000 to Q Co. 24 Owner invested Tk. 80,000 cash in the business along with a motor vehicle worth Tk. 500,000 25 Purchase merchandise from R Co. for cash Tk. 8,000. 26 Received payment in full less 2% discount from Q Co