Question 1 25 Marks Malali Traders had the following transactions for 29 February 2020 financial year. The following transactions was extracted from the books of Tesco Traders for February 2019. 1. Malali Traders borrowed N$ 18 400 from East Bank, and was deposited into AC Traders bank account. AC Traders is Malali Traders cement supplier. 2. Malali Traders acquired a Motor Vehicle on 01 February 2020 for N$ 10 600 from MZ Motors and it was paid on the 2nd March 2020 by cheque. 3. Sold goods on credit to Jayz Traders valued at N$ 28 000 and received a cheque of N$ 25 000 in full settlement of account on the 20 April 2020. 4. Purchased good for resale from NTN for N$ 8 000 and paid by cheque on 28 February 2020. 5. Cheque issued to NTN was dishonoured on the 29 February 2020 (see no.4 above). 6. Issued a debit note to Jayz on the 29 February 2020 for N$ 2 000. 7. Sold goods worth N$ 22 500 to SSS on credit, and SSS paid 10% deposit into Malali Traders Bank upon signing the sale contract on 07 February 2020. 8. Mr. Malali deposited N$ 11 000 into the business bank account on 01 February 2020 and in the same day he withdraws N$ 1 000 cash for business use. 9. Received Computers worth N$ 7 000 on 03 February 2020 as token of appreciation from Web Trader. 10. Sold goods valued at N$ 5 000 and received a cheque of N$ 4 750 from Unam in exchange for goods on 29 February 2020. Required: Page 12 of 14 Journalise the above transactions as at 29 February 2020: NARATIONS ARE NOT REQUIRED