Chocoart Limited commenced operations on 1 January 2021. The business manufactures handcrafted luxury chocolates. The following transactions have taken place during the month of January 2021. January 2021 Description 1 Issued shares to investors for $100,000 cash 2 Purchased equipment for $30,000 on account from Barton Enterprises 7 Purchased office supplies for $2,500 cash 11 Paid $6,300 for wages to employees 15 Invoiced customers for $31,000 for products delivered 20 Paid 50% of the amount owing for the equipment purchased on 2 January 2021. The balance owing is to be paid on 20 February 2021 25 Received payment of $18,000 from customers previously invoiced 30 Received $10,000 in cash from a major retailer, Darrell Lea for an order of chocolates to be delivered to the customer in February 2021. Required (a) Prepare the general journal entries for above transactions for Chocoart Limited for the month of January 2021. Narrations are required (9 marks) (b) Prepare the T account for the Cash at Bank account for all transactions during the month of January 2021 and calculate the closing balance. (2 marks) Total 11 marks