QUESTION THREE Mad Pie is a sole proprietor having a provisions store. The following are the transactions during the month of December 2022. Prepare books of prime entry and post to the respective ledgers. (20 Marks ) December 1. Commenced business with cash K80,000 2. Received donations K40,000 cash 5. Purchased goods by paying cash K5,000 J 4. Purchased goods from Lipton \& co. on credit K10,000 5. Sold goods to Joy and received cash K11,000 6. Paid salaries by cash K350 7. Paid Lipton \& Co. by cheque for the purchases made on 4 th Dec. 8. Bought furniture by cash K4,000