1 Jan 2017 - The Company started started its business by issuing 10,000 share for 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/- a month (5 persons, 1,000 each) Helping Staff E 2000/- a month (4 [ersons, 500, each person) 9 4 Jan 2017 - The company purchased inventory for 10,000 paying 5,000 in cash and and remaing 5,000 on credit from Fulton Ltd. 10 8 Jan 2017 - The Company purchased Office Equipments for 15,000/- on credit from Index Furniture. 10 Jan 2017 - The Company purchased Computers for its employees costing E5000 and paid through cheque. 11 Jan 2017 - The Company Leased 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 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 15 Jan 2017 - The Company paid 500 for the fuel and repair and maintenance of the delivery van. 16 18 Jan 2017 - The Company received another oder for 1500 from Zayab Ltd. Goods delivered and cheque received and banked. 17 25 Jan 2017 - Cheque paid to Index Furniture 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 utilities 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 3. Prepare trial balance as at 31 Jan 2017 1 Jan 2017 - The Company started started its business by issuing 10,000 share for 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/- a month (5 persons, 1,000 each) Helping Staff E 2000/- a month (4 [ersons, 500, each person) 9 4 Jan 2017 - The company purchased inventory for 10,000 paying 5,000 in cash and and remaing 5,000 on credit from Fulton Ltd. 10 8 Jan 2017 - The Company purchased Office Equipments for 15,000/- on credit from Index Furniture. 10 Jan 2017 - The Company purchased Computers for its employees costing E5000 and paid through cheque. 11 Jan 2017 - The Company Leased 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 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 15 Jan 2017 - The Company paid 500 for the fuel and repair and maintenance of the delivery van. 16 18 Jan 2017 - The Company received another oder for 1500 from Zayab Ltd. Goods delivered and cheque received and banked. 17 25 Jan 2017 - Cheque paid to Index Furniture 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 utilities 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 3. Prepare trial balance as at 31 Jan 2017