3. Zara Co. uses special journals and a general journal. The following transactions occurred during May 2016. May 1 Zara invested AED50,000 cash in the business. 2 Sold merchandise to Xavier for AED11200 cash. The cost of the merchandise sold was AED7000. 3 Purchased merchandise for AED8600 from Y. Vandyver using check no. 101. 14 Paid salary to D. Dilego AED4800 by issuing check no. 102. 16 Sold merchandise on account to S. Stevens for AED1680, terms n/30. The cost of the merchandise sold was AED1000. 22 A check of AED14,400 is received from S. Sufjan in full for invoice 101 ; no discount given. Instructions (a) Prepare a multiple-column cash receipts journal and a multiple-column cash payments journal. (Use page 1 for each journal.) (b) Record the transaction(s) for May that should be journalized in the cash receipts journal and cash payments journal