Required: 1. Perform transactions (double entry system) (Journal_Table No 1). 2. It is necessary to prepare also a General Ledger (Table No 2). Profit and Loss statement (Table No 3) and closing Balance Sheet (Table No 4). Is given: Opening balance sheet (in EUR) Assets Liabilities EUR EUR Fixed assets (equipment) 60 000 Share capital 44 000 Cash (account in bank) 8 000 24 000 Long-term debt for commercial bank 68000 68000 Transactions: 1. Company received goods for amount EUR 50000 but not yet paid to suppliers - creditors. 2. Company sells goods (invoice issued and accepted), the amount is EUR 70 000. The debtors has paid in cash. 3. The cost of goods sold is EUR 30000. Goods in stock - at the end of the period are EUR 10000. Table No.1.: Journal No. Description Account Title Debit Credit EUR 1. 2. Table No.2.: General ledger (EUR) Active accounts Passive accounts Balance sheet accounts Balance sheet accounts Accounts EUR Accounts EUR Operational accounts Operational accounts Accounts EUR Accounts EUR Total: Total: Table Nr.3.: Profit and loss statement (EUR) No. Items Amount (EUR) 1 1. Revenue (Income) 2. Costs & Expenses (total) 3. Profit or loss Table No.4.: Closing Balance Sheet (EUR) ASSETS (EUR) Liabilities and Equity (EUR) Total: Total: Required: 1. Perform transactions (double entry system) (Journal_Table No 1). 2. It is necessary to prepare also a General Ledger (Table No 2). Profit and Loss statement (Table No 3) and closing Balance Sheet (Table No 4). Is given: Opening balance sheet (in EUR) Assets Liabilities EUR EUR Fixed assets (equipment) 60 000 Share capital 44 000 Cash (account in bank) 8 000 24 000 Long-term debt for commercial bank 68000 68000 Transactions: 1. Company received goods for amount EUR 50000 but not yet paid to suppliers - creditors. 2. Company sells goods (invoice issued and accepted), the amount is EUR 70 000. The debtors has paid in cash. 3. The cost of goods sold is EUR 30000. Goods in stock - at the end of the period are EUR 10000. Table No.1.: Journal No. Description Account Title Debit Credit EUR 1. 2. Table No.2.: General ledger (EUR) Active accounts Passive accounts Balance sheet accounts Balance sheet accounts Accounts EUR Accounts EUR Operational accounts Operational accounts Accounts EUR Accounts EUR Total: Total: Table Nr.3.: Profit and loss statement (EUR) No. Items Amount (EUR) 1 1. Revenue (Income) 2. Costs & Expenses (total) 3. Profit or loss Table No.4.: Closing Balance Sheet (EUR) ASSETS (EUR) Liabilities and Equity (EUR) Total: Total