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Question 3 - 10 marks Now that you are taking an accounting course, your brother decided to ask you to help him with his own

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Question 3 - 10 marks Now that you are taking an accounting course, your brother decided to ask you to help him with his own finances. He has kept his receipts, automated teller machine (ATM) slips, and other information for the last week and is ready for you to record the information. 1. Pay stub from his part time job showing net pay of $249.98 and ATM slip showing the cash was deposited. 2. Receipts from grocery store for $89.45 and $32.15. 3. Receipt from the electronics store where he bought a computer for $446.98. 4. Notice from the bank that the $6,000 loan he applied for has been deposited to his account. 5. Receipt for the purchase of his car for $5,300. He paid cash with the bank funds. 6. Receipt from the car shop for maintenance for $380.00 7. Receipt from JapanTown Restaurant for $12.45. Notice of overdue books from the library--the fine is $5.00. 9. Receipt from the coffee shop for $4.55. 10. Notice that there is a package for him at the post office. 8 REQUIRED: Prepare the journal entries for your brother's personal finances. You will have to create logical account names for each transaction. Note: since you are recording for transactions for your brother, there is no "common shares", "retained earnings", etc. However, all the concepts about recording transactions can be applied to your personal transactions You do not need to put a journal entry explanation nor a date. If you believe there is no accounting transaction, write "no journal entry required

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