can someone explan to me inclouding Required 1 and 2
P2-5B Haider Malik started a catering service called International Catering. During the first month of operations, October 2020, the business completed the following selected transactions: Oct. 2 Malik began the company with an investment of $50,000 cash and a food truck valued at $26,000. The business gave Malik owner's equity in the business. 6 Paid $8,000 cash for custom food service equipment 78 Purchased supplies on account, $14,800. 17 Received $4,000 cash for catering at a street 17 Received $4,000 cash for catering at a street festival. 18 Catered to bands at a music festival and received payment on account, $8,600. 19 Paid employees salary for work on weekend, $2,600 cash. 24 Paid $12,000 cash as a partial payment for the supplies purchased on October 7. 26 Received a $1,600 bill for advertising expense that will be paid in the near future. 28 Received cash on account, $2,200. 28 Received cash on account, $2,200. 29 Paid the following expenses with two separate cheques: 1. BBQ rental, $3,000. 2. Insurance, $1,600. 31 Malik withdrew $12,000 cash for personal use. Required 1. Record the transactions in the journal. 2. Open the following three-column ledger accounts: Cash, #1100; Accounts Receivable, #1300; Supplies, #1500; Food Service Equipment, #1600; Food Truck, #1700; Accounts Required 1. Record the transactions in the journal. 2. Open the following three-column ledger accounts: Cash, #1100; Accounts Receivable, #1300; Supplies, #1500; Food Service Equipment, #1600; Food Truck, #1700; Accounts Payable, #2100; H. Malik, Capital, #3100; H. Malik, Withdrawals, #3200; Service Revenue, #4100; Advertising Expense, #5100; Insurance Expense, #5500; Rent Expense, #5700; Salaries Expense, #5800. 3. Post to the accounts and keep a running balance for each account. 4. Prepare the unadjusted trial balance of International Catering at October 31, 2020