Study the following two transactions and complete the table: 1. Goods bought by EFT from Makro wholesalers, R22 000 2. Cash sales of merchandise, R40 000,mark-up is 60% Section: B 40000X1000 Question 3 (16 marks: 25 minutes) Record the transactions of Lizzy's Fresh fish Market for February in the: 1. Cash Receipts Journal with analysis columns for Analysis of receipts: Bank; Sales; cost of sales and Sundry accounts. 2. Cash Payments Journal with analysis columns for Bank; Wages, Trading stock and sundry accounts. Only the first document numbers are given, continue numbering accordingly. The mark-up is 75% on the cost price. Transactions for February 2019 CAPITAL R 1. Lizzy Lombard started her business "Lizzy's fresh fish market" by D transferring (R85 000 from her personal savings account to the bank account of her new business. She paid for an advertisement in the local newspaper, R350 EFT no 001 was issued to "The Voice. CR A CRD A D She bought fridges from the Devy Factory shop for R14 600 and paid by EFT. Lizzy also bought fresh fish and meat, R33 500 at meat world pay by EFT. 3. She sold fresh fish to Tony's Fish and Chips for cash, R2 800. Determine the cost price. (RJ 1 D 7. Pay wages R440 by EFT and also buy birthday present for her husband, R350) Doc No. Question 2 Accounting equation Source Document CART Journal Account Debited FT DOL 1 1 Bank Question 3 Cash Receipts Journal of Lizzy's fresh fish mark Day Details FOL Analysis Bank sale of Receipts Account credited R&G DOD​