1. V's Violins has the following assets, liabilities and net worth as of December 31st 2019. Assets Cash Accounts Receivable Equipment Building V's Violins Balance Sheet As of December 31st 2019 Liabilities 5,000 Accounts Payable 2,000 Bank Loan 5,000 Mortgage 100,000 Total Liabilities Mr. V Capital 112,000 Total Liabilities + Net Worth 1,000 30,000 75,000 106,000 6,000 112,000 Total Assets A) Journalize the following Transactions for Mr. V 1. Mr. V pays $1000 owed to his suppliers on January 1st, 2. Mr. V buys $1000 worth of equipment on January 3rd. 3. Mr. V takes out a loan of $11000 on January 5th 4. Mr. V Purchases new equipment for $700 on account Jar 7th 5. Mr. V. Prepays his insurance for the year for $3000 on January 8th. 6. Mr. Vis paid $5000 dollars cash for his work as the official violinist of the International Limbo Champions on January 11th. 7. Mr. V has his violins polished for $400 on account on January 17th. 8. On January 17th, Mr. V is paid $600 which was owed to him for violin lessons completed last month. 9. On January 18th, A customer Prepays $800 for violin lessons to be given later. 10. Mr. V withdraws $4000 from V's Violins on January 24th. B) Create a ledger for V's Violins using your journal. Remember to include opening entries. C) Create an Income Statement for V's Violins for January 31st D) Create a Balance Sheet for V's Violins on January 31st