Question 3 (16 marks) The following transactions took place during the month of April 2019 in the books of account of Mr Motto, a sole trader: 1st Mr. Motto opened a business bank account and deposited a cheque for N$150 000. 6th He purchased a motor vehicle for N$120 000 on credit from Mayo Vehicle CC. 10th He bought goods on credit from Paul for N$5 000. 11th He sold goods on credit to Matina for N$3 000. 12th Matina paid Mr. Motto N$3 000 for the goods bought on credit and claimed a discount 5% for early payment. 25th Mr. Motto settled his account with Paul by cheque and was given a settlement discount of 10%. The business uses a periodic inventory system. You are required to: i. Identify the Journal book of prime entry and source document (s) used by Mr. Motto to record each of the above transactions. (8 marks) ii. Show the effect (+ for increase / - for decrease, the amount and the account) of each of the above transactions on the accounting equation. (8 marks) e.g. Journal Source document 1 March Sales journal Receipt Date Asset Owners equity Liabilities e.g. 1 March +5 000 (Cash) -5 000 (Stationery)