Prepare the general journal entries to account for transactions $1-5$ of Bright Minds for the financial year ending $31$ December $2023.$ Journal dates and narrations are not required.$(15$ marks$)1\mathrm{.}2$ Prepare the statement of financial position for Bright Minds as at $31$December $2023.$ Assume a Net profit of R$466500$ was made for the current financial year ending $31$ December $2023.$Instructions:Include all necessary headings and sub$-$headings in your statements. Assume that there were no other transactions for the year. Remember to show all calculations.