Jaz Computers is a retailer who purchased computers and sells them on margin. Its account balances as of Oct 31, 2020 are as follows: 510,000 94,000 408,500 386,500 100 110 120 130 200 300 310 320 400 410 500 510 511 Cash Accounts Receivable Merchandise Inventory Equipment Accounts Payable Capital Retained Earnings Dividend Sales Sales Discount Cost of Goods Sold Salaries Expense Advertisement Expense 289,000 600,000 215,000 0 900,000 455,000 150,000 0 Jaz Computers uses the perpetual inventory system and the First-in, First-out costing method. The Accounts Receivable and Accounts Payable Subsidiary Ledgers along with the Inventory Control Sheet should be updated as each transaction affects them daily. Jaz Computers sells three types of Dell Computers. The sale prices of each are: Dell Hl: Rs. $47,000, Dell H2: Rs. $57,000, Dell H3: Rs. $67,000 During Nov, the following transactions were completed: Nov 1. Sold Two. Dell H3 to Shah Computers for Cash, invoice no. 101. 2. Purchased five, Dell H1 from Dell Computers at the cost of Rs. $23,500 each on credit. 2. Paid the office salaries Rs. 50,000 against the cheque no. 212 4. Sold five Dell H2 to Quality Computers at 2/10, n/30, invoice no. 102. 5. Make a Partial Payment to Dell Computers Rs. 80.000 against the cheque no. 212. 7. Receipts from Quality Computers against the sale of May 4. 8. Purchased three Dell H2 from Delli Computers at the cost of $28.500 each by paying cash against the cheque no. 214. Requirements: 51. Post the transactions in appropriate Journal. (Marks 10) 52. Post the transactions in appropriate subsidiary ledgers. (Marks 10) 53. Post the transactions in appropriate general ledgers. (Marks 10) 54. Prepare the Trial Balance. (Marks 5) 55. Prepare the financial statements (Marks 10 + 5 + 10)