P7-3C. Liz Ames owns Fancy Writing Supply Co. in Moncton. As her newly hired accountant, your task is to: a. Journalize the following transactions for the month of May. b. Record in subsidiary ledgers and post to the general ledger as appropriate. c. Prepare a schedule of accounts receivable and a schedule of accounts payable at month-end. The following is the partial chart of accounts for Fancy Writing Supply Co.: Assets 1000 Cash 1100 Accounts Receivable 1115 Inventory 1350 Prepaid Rent 1800 Printing Press Revenue 4000 Writing Supplies Sales h 4020 Sales Returns and Allowances 4025 Sales Discounts Cost of Goods 5000 Cost of Goods Sold Liabilities 2150 Accounts Payable 2400 Bank Loan Payable Expenses 6140 Cleaning Expense