Question: Section 2 (10 Marks) [CLO 2] Following are the transactions of Rashid & Sons, for the month of February 2020 February 20201. Mr. Rashid started

 Section 2 (10 Marks) [CLO 2] Following are the transactions of
Rashid & Sons, for the month of February 2020 February 20201. Mr.

Section 2 (10 Marks) [CLO 2] Following are the transactions of Rashid & Sons, for the month of February 2020 February 20201. Mr. Rashid started business with $172.000 2. Purchased Equipment $19.000 for cash 3. Purchased goods $31.000 on cash 4. Sold goods $40.000 for cash 6. Sold to Maher $7000 on account 8. Received from Maher $4200 (A) Pass the journal entries for the above transactions marks) 07 Amount Amount B) Prepare the following ledger accounts from the journal entries made above mas) T T ourt (B) Prepare the following ledger accounts from the loumaltres made above 3 marks) Cash Account Date Particulars Amount Date Particulars A mount Date ParticularsAmount Date P A counts Receivable Account C) Complete the following Trial Balance for Rashid & Sons as of 29 February 2020 Tral Balance Rashid Accounts Receivable TOTAL

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