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Question No #3 (18 marks) 3.A) Bakers Limited, commonly known as Bakers, is a South African company producing a wide variety of savoury and sweet biscuits. Bakers is part of National Brands Limited, an FMCG company which is a subsidiary of South African holding company AVI Limited. Bakers Company provides the following information: Opening Balances Details OMR Details OMR Common stock 20,000 Accounts receivables 14,304 Retained Earning 17,428 Inventory 35.668 Prepaid Insurance 520 Accounts payables 25,528 Cash 12,464 Building 23,000 Transactions for Bakers Company: Mar. 2 Mar. 3 Mar. 4 Mar. 5 Mar. 6 Mar. 8 Issued cheque for March salary and wages: OMR 1,400 Received cheque from Mohammed in payment for February sale on credit OMR3,660 Issued cheque to Sara in payment for February purchase on credit of OMR2,944 Sold goods for OMR1,312 to Al seef Co. on credit, Invoice #475 (Note: COGS is OMR 656) Bought goods from BBA for OMR17,200, Purchase Order #11, terms: 2/10, net/30 Sold goods on credit to ABC Inc. for OMR8,400, Invoice #335, terms: 1/10,net/30 (Note: COGS is OMR4,200) Issued cheque for Electricity bill received today, OMR288 Issued cheque to pay BBA in full, Purchase Order #11. Received full payment from ABC, Inc., Invoice #335 Bought merchandise from Alphabet Company, OMR2,100 payable in 30 days, Purchase Order #72 Retumed OMR 400 of merchandise to Alphabet Company, relating to Purchase Order #72 Recorded cash sales for the month of OMR 13,632 (Note: COGS is OMR6,816) Recognized that half of the Prepaid Insurance has been consumed. Mar. 9 Mar. 10 Mar. 15 Mar. 20 Mar. 26 Mar. 31 Mar. 31 You are required to prepare Purchase Journal, Cash Payment Journal, General Journal, and Payable Control Account for the Bakers Company

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