CLOSING BALANCE CASH = 30,000

Question 1 (2.5 marks) On September 1, 2020, D&H Corporation starts the business. In the September, the following transactions were complete. The closing balance of Cash account was $30,000 No 1/9 2/9 5/9 10/9 12/9 13/9 14/9 20/9 22/9 23/9 Transactions Hired three employees to work in the warehouse. They will each be paid a salary of $3,540 per month David invested $...... cash in the company in exchange for ordinary shares Signed a 2 years rental agreement on a warehouse, paid $.... in advance for first year Purchased furniture and equipment costing $...... A cash payment of $... was made immediately, the remaining will be paid in 6 months Paid $...... cash for a one year insurance policy on the furniture and equipment Purchased basic office supplies for $ ... cash Purchased more office supplies for $.... on account Total revenues earned were S.... cash and $...... on account Paid $.... to supplies for accounts payable incurred 14/9 Received / cash $..... from customers in payment of accounts receivable incurred on 20/9 Received utility bills in the amount of $...., to be paid next month Paid the monthly salaries of the two employees, totalling S... 26/9 29/6 Required: 1. Fill the dot (S.......) with a reasonable amount for given transactions above (0.5 marks) 2. Record transactions in General Journal for September, 2020 (0.5 marks) 3. Post the transactions to General Ledgers for September, 2020 (1.0 marks) 4. Prepare Trial Balance for September, 2020 (0.5 marks)