Business Scenario: On January $1,2024,$ GreenThumb Landscaping has the following balances in its accounts:

Cash: $$25,000$

Accounts Receivable: $$10,000$

Equipment: $$40,000$

Accounts Payable: $$5,000$

Loan Payable: $$15,000$

Owner's Capital: $$55,000$

During January, the company engaged in the following transactions:

Transactions:

The owner invests an additional $$15,000$ in cash.

Green Thumb purchases $$5,000$ worth of supplies on credit.

Pays $$2,000$ for monthly office rent.

Earns $$8,000$ in cash from landscaping services.

Provides services worth $$6,000$ on credit to clients.

Pays employees $$4,500$ in wages.

Collects $$4,000$ from customers for previous credit sales.

Purchases new equipment for $$12,000,$ with $$5,000$ paid in cash and the remainder on credit.

Pays $$3,000$ towards accounts payable.

Owner withdraws $$3,500$ for personal use.

Earns an additional $$7,000$ in cash from services.

Pays $$1,000$ for utilities.

Supplies on hand at the end of the month are valued at $$3,000.$

Depreciation on equipment for the month is $$500.$

Receives a $$10,000$ loan from a bank.

Requirements:

Record each transaction in the journal.

Post the journal entries to the ledger.

Prepare a trial balance as of January $31,2024.$