KML LIMITED Following are the business transactions carried on by KML Limited in its first month of incorporation: DATE DESCRIPTION Jan 1, 2020 Stated business with cash 10,000 Jan 5, 2020 Purchased goods on credit from SMB Limited for 5,000 Jan 10, 2020 Paid in cash to SMB Limited and received 2% discount for the early payment Jan 15, 2020 Donated 500 as a charity in cash Jan 20, 2020 Purchase Office Equipment for 3,500 and paid in cash Jan 25, 2020 Goods with list price of 10,000 was sold at 5% trade discount on cash Jan 30, 2020 Paid Insurance premium for 500 Jan 30, 2020 Paid Office Rent 1,000 in cash Jan 31, 2020 Paid Salaries & Wages 3,000 in cash to the office staff Jan 31, 2020 Paid 250 for repair and maintenance of the building Jan 31, 2020 Purchase office supplies for 500 Note: Sales have been made at 50% markup Required: 1) Journal Entries for the above business transactions. 2) Ledger Accounts 3) Trial Balances for the month of Jan 2020