QUESTION 5 Fallon Ltd. has the following transactions: 1- Payment of 650 to Blake for a cash purchase 2- Payment of 300 to Colby in respect of an invoice for goods purchased last month Which of the following are the correct ledger entries to record these transactions? Select one answer. a)Dr Cash950 Cr Purchases950 b)Dr Purchases650 Dr Trade payables300 Cr Cash950 c)Dr Purchases950 Cr Cash950 d)Dr Cash950 Cr Purchases650 Cr Trade payables300