Jan 04 Jan 06: Jan 07: Alpha Marine is a boat repairing company, started its business in January 1, 2014. During the month of January following transactions took place Jan 01: Business made an investment of $500,000 in cash. Jan 02: Paid Rent $6,000 for repair shop for 3 months in advance. Jan 03: Purchase repair equipment $80,000. paid cash $30,000 and for remaining balance, N/P is signed Provided repair services to Kiwi Insurance and sent a bill of $5,620 to the client.Jan 05: Paid $350 for advertisement in Yachting World, the advertisement will be printed in February and March issues of magazine. Received $6,750 from City Insurance group to repair 50 boats. The Business will provide repair services to boats on request of City Insurance in future. Made repairs on the vessel Independent totaling $1,890. Collected $400 cash and remaining balance is due in 30 days. Jan 08: Business received $5,000 for repairing the vessel Sprit. Jan 10: Business borrowed S 10,000 by signing a Notes Payable for 12 months at interest rate of 15% per annum. Both interest and principle will be paid at maturity Jan 11: Business paid 50% of notes payable created on Jan 03. Jan 12: Business paid for travelling expenses of S400 to meet a client Jan 13: Business received cash of $4,000 for repairing a vessel called Discovery. Jan 14: The client of vessel Discovery claimed that the repairs are not made properly to his vessel, therefore business paid $250 to compensate for the poor repair work Jan 15: Additional investment is made by investing cash of S20.000 from personal sources. Jan 20 Business paid $3,000 in hosting a party for prospective clients. The appropriate account is entertainment expenses. Jan 22: Business provided repair services to vessel Honor for 57.000. Client paid $4,000 and singed Notes Payable for remaining bulance Jan 25: Business provided repair services to vessel Luxurious for $6,000. Client paid $1,000 and signed Notes Payable for remaining balance. Jan 31: The equipment's expected useful life is 3 years and salvage value is $20,000. Business recorded Depreciation of Equipment. Jan 31: Business recorded utility expenses of $800. Jan 31: Business recorded interest expense for January Jan 31: Business adjusted rent account for January Jan 31; The business repaired 17 boats for City Insurance during January Jan 31: Business Declared and paid dividend of S2,500 Requirements: Record these transactions in General Journal Format Post these transactions is Ledger (T-Accounts) Prepare Trial Balance Prepare Income Statement and Balance Sheet