Q1. Accounting with sales journal and purchases journal (20 Marks) (GST version) Top Traders Ltd uses sales and purchases journals in its accounting system. The following transactions occurred during April 2019. April 5 Purchased merchandise on account from Smylhe Ltd. invoice 354, $1500, terms 2110, man. 3 Purchased merchandise on account from Ellis Ltd. invoice 376. $760. terms 2'10. W30. 10 Sold merchandise on account to B. Monan. invoice 345, $2280. 16 Sold merchandise on account to Bryde Ltd, invoice 346. $2640. 19 Purchased merchandise on account from Fl. Fiober. invoice 328. $630. terms 2.010. WED. 26 Sold merchandise on account to G. Green, invoice 347. $1840. 29 Sold merchandise on account to Me Ltd, invoice 3-131 $1200. Required (3.) Complete the requirements below, assuming that the business is registered for the GST. 1. Establish all necessary general ledger accounts, accounts receivable subsidiary ledger accounts. and accounts payable subsidiary ledger accounts. Use the following account numbers: Accounts Receivable, 1200; GST Receivable. 1300; Accounts Payable, 2200; GST Payable, 2300: Sales, 4100; Purchases 5100. (5 Marks) 11. Enter the transactions for April in the appropriate special journals. [5 Marks) 111. Post the data from the journals to the general ledger and subsidiary accounts. [5 Marks) iv. Prepare a schedule of the accounts receivable subsidiary ledger and the accounts payable subsidiary ledger as at 30 April to prove that their totals are equal to the balances of the control accounts