E$6\mathrm{.}6$ Record transactions in cash receipts and cash payments journal.

L$09,10,13$

Betty Boop uses special journals and a general journal. The following transactions occurred during May $2023.$

May $1$ B$.$ Boop invested a further $$30000$ cash in the business.

Sold inventory to J$.$ Simon for $$12000$ cash. The cost of the inventory sold was $$8400.$

$2$

Purchased inventory for $$18000$ from L$.$M$.$ Farr. Payment was made via EFT ref. no$.101.$

$3$

Paid salary to S$.$ Little $$1400$ by EFT ref. no$.102.$

$14$

Sold inventory on account to B$.$ Jones for $$1800,$ terms $\frac{n}{30},$ invoice no$.102.$ The cost of the inventory sold was

$16$$$1260.$

An EFT for $$18000$ is received from R$.$ Dusto in full for invoice $101$; no discount given.

$22$

Required

$($a$)$ Draw up a multicolumn cash receipts journal $($see figure $6\mathrm{.}15)$ and a multicolumn cash payments journal $($see $($Use page $1$ for each journal.$)$

$($b$)$ Record the transaction$($s$)$ for May that should be journalised in the cash receipts journal and cash payments journal.