On 8 February 19X8 PJ, a London trader, consigned 120 cases of goods to MB, an agent in New Zealand. The cost of the goods was 25 a case. PJ paid carriage to the port 147 and insurance 93. On 31 March 19X8 PJ received an account sales from MB, showing that 100 cases had been sold for 3,500 and MB had paid freight, at the rate of 2 a case, and port charges amounting to 186. MB was entitled to a commission of 5 per cent on sales. A sight draft for the net amount due was enclosed with the account sales. You are required to show the accounts for the above transactions in the ledger of PJ and to show the transfer to profit and loss account at 31 March 19X8. (Institute of Chartered Secretaries and Administrators)