Double-Entry Bookkeeping The transactions of Wheels Repair Shop for January 2019 are shown below: January 3 Debby Star opened a bank account under the name of her new business and deposited 30,000 in cash. January 4 She rented a temporary shop and paid 300 for the January rent, issued cheque. January 5 Rented automotive tools and equipment until the firm could purchase its own. Rent in the amount of 80 was paid for January, issued cheque. January 5 Purchased motorcycle parts and supplies described on invoice from the Southern Supply Company for 400 on account. January 10 Purchased land as a prospective building site for 10,000. Paid 4,000 in cash and issued a one-year note payable for the balance. January 12 Made repairs on George Shipmans motorcycle for 40. Shipman asked that a charge account be opened in his name. He promised to settle the account within 30 days. This arrangement was authorized by service manager. January 26 Made repairs on Jay Munsons motorcycle for 180. A charge account was opened in his name. January 29 Purchased motorcycle parts and supplies from Delco Supply House for 250 on account January 29 Paid the Southern Supply 300 on account (cheque) January 31 Paid electricity and water bills of 80 for January January 31 Paid 1,700 in salaries for the month January 31 Made motorcycle repairs for various cash customers for 4,800 January 31 Debby Star withdrew 300 in cash in anticipation that at least as much income had been earned January 31 Purchased automotive tools and equipment for cash 4,000. The list price was 5,000. January 31 Paid a premium of 600 on a 12 months insurance policy, it becomes effective on February 1, 2019. January 31 Received a cheque for 10 from George Shipman. Required: (a) Analyze the transactions using extended accounting equation formula (b) Journalize the transactions (c) Post to the ledger (d) Prepare a trial balance sheet / footing