Q3) Pass necessary Journal Entries from the following transactions and prepare necessary ledger accounts? AMOUNT IN AED DATE TRANSACTIONS DEC 1 Macron commenced business with cash DEC 2 Purchased goods from George 100,000 30,000 7,000 6,000 5,000 DEC 2 Purchased furniture for cash DEC 3 Goods sold to John DEC 4 5,000 DEC 5 Sold goods to Donald Goods purchased from David for cash Sold goods to Andrew Andrew returned goods 8,000 DEC 11 500 DEC 13 4,950 DEC 14 Received from Donald in full settlement 400 DEC 15 Stationary purchased for cash DEC 31 John becomes insolvent and a dividend of 50 fills per dirham is received