3 Purchased $500 of office supplies on credit. 5 Reliance Real Estate Agency started its operation on February 1, 2019. The following business transactions occurred for the month of February 2019: Feb. 1 Stockholders invest $35,000 in cash in exchange of ordinary shares. Purchased office equipment for $12,000, and signed a 10%, 30-day note payable. 10 Real estate commissions billed to clients amount to $6,000. 15 Paid $700 in cash for the current month's rent. 18 Paid $200 cash on account for office supplies purchased on Feb. 3 transaction. 20 Received a bill for $400 for advertising for the current month and is to be paid within 10 days 22 Received $5,000 cash for real estate commission in selling one property. 25 Paid $2,200 cash for employees salaries. 26 Paid cash dividend of $1,200 27 28 Received a check for $3,000 from a client in payment on account for commissions billed on Feb. 10. Received utility bills for the month $700, due on March 5. Reliance Real Estate Agency uses the following accounts: Cash, Accounts Receivable, Prepaid Insurance, Supplies, Land, Building, Equipment, Accounts Payable, Notes Payable, Unearned Service Revenue, Share Capital - Ordinary, Retained Earnings, Dividends, Service Revenue, Advertising Expense, and Salaries Expense, Utilities Expense, Rent Expense Instructions: (1) Journalize the above transactions. (explanation and posting reference are not necessary, but skip one line before recording a new entry) (2) Prepare a trial balance for Reliance Real Estate Agency on February 28, 2019. Answer: 1) Journalize the above transactions.