Liz T Pty Ltd started as a business on 1 January 2021. Listed below are the transactions that took place in the month of January 2021:

January	1		Issued shares to investors for $50,000 cash.
*	2		Purchased insurance of $600 for the month from Insurers R Us that will be paid at a later date.
	3		Purchased office chairs and desks from Furniture Retailers Pty Ltd for $17,600, paying $3,500 in cash and the remainder on credit.
	9		Paid $1,300 cash for the current months rent.
	11		Paid $300 cash to Insurers R Us for the insurance purchased on 2 January.
	15		Received an invoice for $800 for advertising for the current month and the invoice will be paid next month.
	16		Invoiced customers $4,000 for services performed
	28		Received and banked cash of $2,300 for cash sales.
*	31		Received and banked cash of $3,500 from customers for services invoiced on 16 January

The chart of accounts for Cats R Us Pty Ltd contains the accounts and account numbers below and no new accounts need to be added:

100		Cash at bank
110		Accounts receivable
115		Supplies
150		Office equipment (cost)
200		Accounts payable
310		Share capital
315		Dividends
410		Sales/service revenue
500		Rent expense
510		Advertising expense
520		Insurance expense

Required

1. Journalise the January transactions (narrations are not required and no depreciation adjustment is necessary).
2. Post all the journals from (1) above to the general ledger and prepare a trial balance as at 31 January 2021.
3. Prepare:
   1. a statement of profit or loss for the month.
   2. a calculation of retained earnings for the month.
   3. a classified statement of financial position as at 31 January 2021