The following transactions related to the account of Jaafar for the month ended 31 May 2015. May 4 Sold goods to Jaafar, list price $1500, allowed 15% trade discount. 5 Jaafar returned goods purchased on 4 May, list price $120. 16 Jaafar paid the amount owing on 1 May by cheque and was allowed 2% cash discount. REQUIRED (b) Prepare the ledger account of Jaafar for the month of May 2015. Balance the account and bring down the balance on 1 June 2015. Jaafar account The following transactions related to the account of Jaafar for the month ended 31 May 2015. May 4 Sold goods to Jaafar, list price $1500, allowed 15% trade discount. 5 Jaafar returned goods purchased on 4 May, list price $120. 16 Jaafar paid the amount owing on 1 May by cheque and was allowed 2% cash discount. REQUIRED (b) Prepare the ledger account of Jaafar for the month of May 2015. Balance the account and bring down the balance on 1 June 2015. Jaafar account