(A) For the month February 2023, S. Selfridges had the following transactions. You are required to record these transactions in the relevant prime books of entry and post the entries to the Account Receivable/Sales Ledger and Account Payable/Purchases Ledger. 1 Opening Balance Account Receivable/Sales Ledger: River Island $4,000 Top Man $7,000 H&M $1,200 Opening Balances Accounts Payable/Purchases Ledger: Primark $3,000 New Look $1,600 Zara $6,000 H&M $1,000 2 Bought goods worth $8,000 on credit from Primark. 4 Sold goods for $14,000 on credit River Island. 6 Returned goods to Primark for $2,000 as they were damaged. 8 S. Selfridges was supplied goods on credit by: Zara $20,000 and New Look $10,000. 10 Returned goods to Zara for $3,000 and New Look for $500 as items were incorrect. 12 Top Man paid by cheque $3,000 on account. 14 S. Selfridges settled his account with Primark by cheque and can claim 10% discount because he paid within the agreed time. 17 River Island returned $1,200 worth of the goods to S. Selfridges. 19 River Island paid a cheque for $16,400 in full settlement of the amount owing. 21 Sold goods on credit to Top Man for $10,000 and River Island for $8,000. 23 Bought goods on credit from New Look for $16,000. 26 Paid the following cheques: New Look $8,000 and Zara $7,000. 28 Received a cheque from Top Man for $4,800 less 5% discount. (B) You are required to make the journal entries for the following yearend adjustments, and only post the journals that affects the Account Receivables/Sales Ledger and Account Payable/Purchases Ledger. (i) S. Selfridges set off the amount which he owed H&M against the amount H&M owed him. (ii) On February 15, S. Selfridges charged interest of 5% on the opening balance as it was a past due balance on the account of River Island. (iii) S. Selfridges received a refund from Zara as he overpaid the opening balance of $6,000 which was paid in the amount of $7,000 on 26th February, therefore receiving a refund of $1,000. (iv) The cheque Top Man paid on the 12th February was returned by the Bank because of insufficient funds. (v) The balance that H&M owed was written off as a bad debt. (C) You are required to prepare the Receivable/Sales Ledger Control Account and Payables/Purchases Ledger Control Account to ensure that the entries and the balances of the Receivables/Sales Ledger and the Payable/Purchases Ledger are correct. The total list of the Balances of the Accounts Receivables is $20,400 and the total list of the balances of the Account Payable is $36,100