Question 3 The following transactions has been captured in the books of Ofei a trader at aghobloshi. Jan. 1: Started business with 7000 cash Jan. 4: Deposited 2000 of the cash used to start business in the bank account. Jan. 6: Purchased goods from on credit from Nasco Limited 5,000. Jan. 8: Purchased plant from Martins for 5,000 Jan. 12: Sold goods to Ibrahim on credit 600. Jan. 15: Took a loan from Bernard 600 Jan. 18 paid rent by cheque 300 Jan. 20. Bought good from Ramat paying 2,000 cash Jan. 21: Ibrahim returned goods worth 200 cedi's. Jan. 26: Ofei withdrew 500 cedi's from the cash till for personal use. Jan. 28: introduced additional capital of 500 depositing by cheque Jan. 31: Sold goods for cash 500 Jan. 31: paid all of Bernard's loan by cheque Required: (a) Post the entries using the two column cash book [10 marks (6) Distinguish betweem accounting principles, concepts and conventions using relevant examples 15 marks C) Explain with the suitable example what is meant by a dishonored cheque. 15 marks Total:20 Marks