Section - A: Attempt all the questions. Each question carries 14 marks. [42 Marks QI.a. Journalise the following transactions in the books of Good Luck Mini Mart. (Narration required) December 1, 2020, Lucky started business with capital $4,00,000 December 3, he opened a Bank account with $1,20,000 December 5, he purchased goods for credit for $15,000. December 8, he sold goods $16,000 for cash December 10, he purchased furniture on credit form M/s SOHO LLC for $2,500. December 12, he sold goods to Chicoo $ 2,400. December 14, he purchased goods from Asha Traders $10,000. December 15, he returned goods to Asha Traders $500. December 16, he received from Chicoo $2,300 in full settlement. December 18. he withdrew goods for personal use $5.000. b. Enter the following transactions in a Double column Cash book. Date Particulars 2017 Jan 1 Started business with cash of S 20,000 Jan 3 Purchased goods for cash for S5000 and on credit $3000 Jan 4 Sold goods for credit for $3000 and Cash $6000 Jan 5 Cash received from Harry for $3000 Jan 12 Paid Mr Pinto $5000 after deducting a discount of $300 Jan 14 Bought Furniture for cash for $8000 Jan 20 Paid electric charges for $200 Jan 24 Paid Salaries S1000 and Salary outstanding is $500 Jan 28 Received Commission for $800