need solution for Q2,3,4

marks) Question 2 a Draw a flow chart showing the accounting recording cycle, starting from the source documents until final accounts. Explain the flow chart. marks b) The following are transactions of Mr John's business for the month of May 2016 2016 May l Premises RM68,000. RM10.250; Fixture 620; Inventory RM12,780; Accounts receivable: P Mullen RM280,F Lane RM620,; Cash in hand 1.120; Cash at bank RM12,480; Accounts payable: s Hood RM430, J Brown RM920 i Paid storage cost by cheque RM80 2 Goods bought on credit from: S Hood RM290 J Brown RM412 W Tone RM192 R Foot RM132 3 Goods sold on credit to: J Wilson RM224 T Cole RM328 FSyme RM416 J Allen RM182 P White RM484. F Lane RM1800 4 Paid for motor expenses in cash RM94 7 Cash drawings b roprietor RM300 9 Goods sold on credit to: T Cole RM136 J Fox RM262 11 Goods returned to John by J Wilson RM64 Syme RM96 F 14 Bought another van on credit from Abel Motors Ltd RM9.700