During month of December 2019, the following transactions happened for the company Lime Design Ltd:

1-Dec Shareholders invested $310,000 cash in the business in exchange for shares,

6-Purchased a land costing $54,000 and supplies for $600 on account,

7-Paid in advance for one-year the rent for the studio, $6,000 cash,

12-Received $3,500 cash from customer for services not performed yet,

13-Performed services and billed customer for services performed $4,700,

20-Received half of the amount in cash from the billed customers on December 13^th,

24-Paid $27,000 cash for the purchase on account on December 6^th,

27-Borrowed $10,000 cash from the bank by signing a note. The note is due in 2030,

28-Purchased equipment costing $4,500 cash

29-Declared and paid cash dividends to shareholders for $5,500

30-Paid interest of the month, $500

Requirements:

1. General Excel/ Word structure
2. Record the transactions into the General Journal
3. Record the transactions into the related T-Accounts
4. Prepare a Trial Balance for Lime Design Ltd for the month of December 2019.