Debit Credit 40,000 10,000 8,000 4,700 Subsidiary ledger- Account Recievable RAK Limited 6,000.00 Ferz International 0.00 Wizcraft Limited 4,500.00 Trens Inc 2,500.00 Felton International 3,000.00 Subsidiary ledger- Account Payab ARF Limited 2,000.0 SMMAR internationa 700.0 Rudolph & Co 1,000.0 Smart Electronics 1,000.0 5,000 Account Title share capital long term note payalbe long term loan accounts payable accrued liabilities salaries and wages payable cash in hand cash in bank account recievable inventory office supplies prepaid rent accrued utilities sales COGS salaries expense utility expense rent expense entertaiment 7,500 10,200 16,000 18,500 1,000 3,000 2,000 7,500 Mar 1 2018 Received full amount owing from Trends Inc. Mar 4 2018 Paid Salaries & Wages accrued in the last month. Cheque No. 711 Mar 7 2018 Paid Accrued Utilities for the last month. Cheque No. 712 Mar 10 2018 Sold Goods on credit to RAK Limted and FERZ Internationa for 2,000 and 2,500 repectively at a margin of 40% Mar 12 2018 Purchased goods on credit from SMMAR Intl. for 2,000 Mar 15 2018 Purchased office supplies for 500. Cheque No. 713 Mar 18 2018 Sold Goods on cash for 1,500 at a margin of 40%. The Cash was immediately depoisted to bank Mar 20 2018 RAK Limited Paid in full for the sales made on Mar 10 2018, the amount deposited in the bank and RAK Limited was allowed a discount of 2% on early paynment Mar 22 2018 Paid 500 for office staff travelling and conveyance. Mar 31 2018 Rent for the 3rd month expired. Mar 31 2018 Salaries & Wages accrued for the month 5,000 Mar 31 2018 Utilities accrued for the month 2,000 Required: 4,500 10,000 4,000 2,000 500 77,200 77,200 1 Prepare an inventory chart