A/P Question 1. Company A is a small company selling kitchen utensils and providing cooking services, applying accrual basis, time preriod is month. Balance at 31", December 2019 as follows: (Accounting currency: $) Cash on hand 1200 3,120 Cash at bank 32,180 Loan AR 4,500 Owner's capital 27,680 Transactions incurred in January 2020 as follows: 1. Paid the rent of the premises for 6 months: 1,200 by cash at bank (from January to June) 7.080 2. Purchased goods of 4700 on credit. The goods were delivered by post and paid the transportation by cash on hand 100. 3. Paid in advance to supplier 200 by cash on hand to order goods. 4. Sold total above goods, received by cash at bank: X1 and on credit at X2. 5. Received on account by cash at bank 600. 6. Paid an advertisement in a local newspaper by cash at bank: 800. 7. Paid employee salary by cash on hand 200 8. Paid on account by cash at bank 1,400. 9. Owner contributed in cash (cash at bank) 3,500. 10. Deposited cash on hand into the bank account, 500 11 Dedidas. Toch bufo2th 11. Received in advance by (cash at bank) for cooking services of 3 months (Jan, Feb, Mar) of customer P: 3.600 12. Purchased a van on account (for delivery goods) at cost of 6.000 (which had depreciation during Janury by 120). Required: 1. Determined X1, X2 if Net income = 20% Revenue 3. Journalize entries for transactions above (Included adjusting and closing entries). 4. Post data of transactions above to relevant T-accounts. 5. Prepare the trial balances (Vietnamese style) 6. Prepare Statement of Financial Position as at 31/1/2020