Section 2 (10 Marks) [CLO 2] Following are the transactions of James & Sons, for the month of February 2020: February 20201. Mr. James started business with $160,000 2. Purchased Equipment $20,000 for cash 3. Purchased goods $25,000 on cash. 4. Sold goods $50,000 for cash. 6. Sold to Mack $10,000 on account. 8. Received from Mack $6000. (A) Pass the journal entries for the above transactions. (6 marks) Date Particulars Dr. Amount Cr. Amount (B) Prepare the following ledger accounts from the journal entries made above. (3 marks) Cash Account Date Particulars Amount Date Particulars Amount Sales Account Amount Date Date Particulars Particulars Amount Accounts Receivable Account Amount Date Particulars Date Particulars Amount (C) Complete the following Trial Balance for James & Sons as of 29 February 2020. (1 marks) Trial Balance as of 31 September 2019 Particulars Dr. Amount Cr. Amount James Capital $160,000 Cash ? Equipment 20,000 Purchases 25,000 Sales ? ? Accounts Receivable TOTAL