Make a table, journalize all transactions, post in T-accounts, and prepare a trial balance.

Jan 1. The owner, Rose Smith, invested cash for $50,000 and equipment of $48,000.

Jan 2. Paid 20,000 rent in advance for the month of January and February.

Jan 5. Bought furniture worth 6,000 on account.

Jan 7. Bought a fax machine for 20,000. Terms 50% down, balance on account.

Jan 8. Hired a helper on commission basis, based on 10% of sales, to operate the machine.

Jan 10. An emergency prompted Ms. Smith to withdraw 1,500 cash for personal use.

Jan 15. Bought supplies costing 3,000 and paid cash.

Jan 20. The account of Jan 5 is due, Ms. Smith paid this from her personal cash.

Jan 30. The account of Jan 7 is due. Issued a 60-day promissory note for this.