Instructions: Mr. V has decided to start a business teaching Violin Lessons called V's Violins. This business is a sole proprietorship (he owns it himself). He has decided to make his accounting class do his accounting. On December 31st, V's Violins has the following balance sheet. V's Violins Balance Sheet As of December 31st 2019 Assets Liabilities Cash 11 000 Credit Card Payable 2 000 Accounts Receivable 6 000 Accounts Payable 500 Furniture 1 000 Bank Loan 7 500 Equipment 5 000 Total Liabilities 10 000 Owner's Equity 13 000 Total Assets 23 000 Total Liabilities + Net Worth 23 000 a) Journalize the following transactions for V's Violins. 1. On January 8th, Mr. V invests $20 000 into the business. 2. On January 11'", a customer deposits $500 for future lessons. 3. On January 17th, Mr. V teaches lessons, and is paid $2 300.- 4. On January 18th, Mr. V pays off (the entire amount) his accounts payable and his credit card using cash. 5. On January 19th, Mr. V teaches lessons worth $1 500 on account. 6. On January 22nd, Mr. V buys $2 000 of Violins using his credit card. 7. On January 23, Mr. V prepays his Rent for the year for $12 000. 8. On January 25th, Mr. V charges $400 of travel expenses to the credit card. 9. On January 27th, Mr. V pays for and drinks $700 of coffee using his credit card. 10. On January 28th, Mr. V withdraws $7 000 from his business. 11. On January 30th, Mr. V is paid $1 500 owed to him for lessons from earlier in the month. b) Post all of your journal entries to a ledger. Remember to create opening entries for ALL accounts. c) Create a trial balance for Mr. V's Tutoring on January 31. d) Create an income statement for Mr. V's Tutoring for the accounting period. e) Create a Statement of Owner's Equity for Mr. V's Tutoring for the accounting period. f) Create a Balance Sheet for Mr. V's Tutoring for January 31