1 Jan 2017 The Company started its business by issuing 10,000 share for 5 each. The share money received were deposited into the bank account. 2 Jan 2017 The Company hired a staff with the following salary pakages: Accountant: 1500/- a month.Operatonal Staff 5000/ month(5 persons, 1,000 each) Helping Staff 2000/- a month (4 [ersons, 500, each person) 4 Jan 2017The company purchased Inventory for 10,000 paying 5,000 in cash and and remaing 5,000 on credit from Fulton Ltd. 8 Jan 2017The Company purchased Office Equipments for 15,000/- on credit from Index Furniture. 10 Jan 2017 The Company purchased Computers for its employees costing 5000 and paid through cheque. 11 Jan 2017 The Company Leaased a delivery van from the bank, the market value of the car is 20,000 and company paid 20% down payment. Monthly intallments are 1,000 a month to be paid at the end of the month, 5% interest is included in the installment payment 5 12 Jan 2017 - The company received its first order from the client BZD Ltd. for 2,500, goods delivered to the client and received a cheque and banked it. The company sells its goods at a profit margin of 40% 15 Jan 2017 - The Company paid 500 for the fuel and repair and maintenance of the delivery van. 18 Jan 2017. The Company received another oder for 1500 from Zayab Ltd. Goods delivered and cheque received and banked. 25 Jan 2017 . Cheque paid to Index Fumiture for 10,000 31 Jan 2017 - Accrued Office Rent 1,000 31 Jan 2017 - Paid monthly installment of the delivery van. 31 Jan 2017 - Accrued utlities for the month of Jan for 1,000, 31 Jan 2017 - Accrued Salaries & Wages for the month. You are required to:1. Record journal entries to approriate chart of account. 2. Prepare Ledger accounts. - fx ? coE E G H A I K M Noa 2. 3 After recording the transactions for the month of Jan 2017, you are required to brought forward all the ledger balances and show the opening balances in the trial balanc During the month of Feb 2017, following financial transactions took place 1 Feb 2017 - Paid all the Accrued Liabilities for the previous month by cheque 2 Feb 2017 - Sold goods to BZD Ltd. The list price of the goods is 3,000 and a trade discount of 2% were allowed. The amount recived via ATM Funds Trander 4 Feb 2017 - Purchased Office supplies on credit from Fine Store 8 Feb 2017 - Paid 500 for Office Cleaning and Janitorial Services 10 Feb 2017 - paid Index furniture the remaining balance 11 Feb 2017 - Paid Fulton Ltd. in full and recived a discount of 1% on full payment on the outstanding amount. 12 Feb 2017 - Purchased Inventory costing 5,000 from Brex Ltd. on credit 515 Feb 2017 - Paid E500 for the fuel and repair and maintenance of the delivery van. 12 18 Feb 2017 - Paid Fine Store in full 13 25 Feb 2017 - Paid monthly installment of the delivery van 14 28 Feb 2017 - Accrued Office Rent 1,000 S 28 Feb 2017 - Accrued utilities for 1,000 16 28 Feb 2017 - Accrued Salaries & Wages for the month. 17 You are required to: 1. Record journal entries to approrite chart of accounts 2. Prepare Ledger accounts 4. Prepare trial balance as at 31 Jan 2017 Transactio n france L M N O P Q R After recording the transactions for the month of Feb 2017, you are required to brought forward all the ledger balances and show the opening balances in the trial balanc During the month of Feb 2017, following financial transactions took place: 0 1 1 Marh 2017 - Paid all the Accrued Liabilities for the previous month by cheque 2 March 2017 - Sold goods to Freds Ltd. for 10,000 on credit. 4 March 2017 - Pald Brex Ltd. in full and received a discount of 1% 8 March 2017 - Paid 500 for Office Cleaning and Janitorial Services 10 March 2017 - Paid Soo for staff entertainment 11 March 2017 - Paid 500 for the delivery van fuel and maintenance. 12 March 2017 - Received half of the outstanding amount from Freds Ltd. 15 March 2017 - Purchased office stationery for 100. 18 March 2017 - Paid charity and Donation for 2,000 31 March 2017 - Paid monthly installment of the delivery van 31 March 2017 - Accrued Office Rent 1,000 31 March 2017 Accrued utilities for 1,000 for the the month of March 2017 31 March 2017 - Accrued Salaries & Wages for the month. 14 15 You are required to: 1. Record journal entries to approrlate chart of accounts 2. Prepare Ledger accounts 4. Prepare trial balance as at 31 Jan 2017