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Carefully analyze the Journal of Rashid and company and answer the questions below: Date Particulars L.FAmount(Debit) Amount 320,000 1.3.2021 Dr Cash A/C 320,000 cr Capital

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Carefully analyze the Journal of Rashid and company and answer the questions below: Date Particulars L.FAmount(Debit) Amount 320,000 1.3.2021 Dr Cash A/C 320,000 cr Capital A/C 5.3.2021Dr 64,000 Equipment A/C 64,000 Cr Cash A/C 48,000 7.3.2021Dr Purchases A/c 48,000 Cr Cash Arc 1. How many ledger accounts Rashid and company has to open for the above transactions? * (1 Mark) 4. What will be the balance b/d for capital account? (1 Mark) 2. What are the names of all ledger accounts Rashid and company will open for the above transactions? 1 Mark) 5. What will be the balance b/d for purchases account? (1 Mark) 3. What will be the balance b/d for cash account? (1 Mari

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