2 Mary and Jane two former college mates decided to open International travel agency in Nairobi. The company was organized as a corporation. Each investor purchased 1,000 shares of Sh 1,000 par value ordinary shares for Sh 1,000 per share. The following transactions took place in the month of January 2023; i. After making the initial investment, the business purchased office equipment by paying a deposit of Sh 800,000 cash and the balance to be paid through bank. ii. The company purchased Sh 120,000 in office supplies from Flesta office supply limited agreeing to pay for this bill in 45 days. The company expects to consume the office supplies over several months as it performs service to customers. iii) The company performed services to customers and received Sh 128,000 in cash. iv) The company paid Sh 70,000 of the amount due to the office supplies purchased on credit in (ii). v) The amount paid to employees for the work performed to date amounted to Sh 95,000. vi) A client was billed Sh 72,000 for services performed. vii) A utility bill for the month of January was received with amount of Sh 18,000 and it is the intention of the company to pay the bill in February 2024. viii) On the last day of the period , International Travel agency borrowed Sh 500,000bcash, interest free from Valley City Bank giving it a note in exchange. ix) Received Sh 25,000 from clients in payment of their accounts receivable. x) A stock take conducted on office supplies revealed that Sh 40,000 worth of office supplies was used in the month of January. xi) The firm received Sh 55,000 in advance from clients for services to be performed in the month of February. Required; a) Journalize the above transactions in the general journal. b) Post the Journals entries to the ledger accounts. c) Extract a trial balance