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1. Milton Services provides security services. Selected transactions for Milton Security Services in September 2020 are presented below: Sept 1 Invested cash $120,000 and truck

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1. Milton Services provides security services. Selected transactions for Milton Security Services in September 2020 are presented below: Sept 1 Invested cash $120,000 and truck $42,500 in business Sept 3 Have interviewed and hired part time consultant with the salary $2,000 per month. First day of work will be 5 Sept 2020 Sept 6 Paid insurance for 1 year policy $8,040 cash Sept7 Purchased supplies $32,100, paid cash $1,400 and the balance on account Sept 8 Purchased equipment for $36,700 by cash $4,200 and the balance on account. Sept 13 Provided security services for $45,000 by cash Sept 18 Received cash in advance S 25,600 for the security services provided at the end of month Sept 23 Paid rent expenses for the September 2020 S1,350 Paid employees salaries $2,350 for September 2020 Sept 29 Paid consultant' salaries $2,000 for September 2020 Required: 1. Prepare journal entries for the above transactions. (20 marks) 2. Post the transactions to ledgers (15 marks) 3. Prepare trial balance at September 31, 2020 (10 marks) (Total = 45 marks) Sept 25

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