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Note : Answers should be in Excel or word Sun Company started its operations on January 1, 2019. The following transactions took place during

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Note : Answers should be in Excel or word

Sun Company started its operations on January 1, 2019. The following transactions took place during the first month of operation January 1: Sun invests $4,600,000 cash to start the business. January 3: Purchased furniture for $496,000, paying $96,000 in cash and sign a note for the remaining balance January 7: Purchased office supplies for S20,000 on credit. January 11: Paid $44,000 cash for January rent. January 15: Paid S5,400 cash for office supplies purchased on January 7 January 20: Services billed to customers amount to $96,000 January 22: Received utility bills for S10,500 for the month of January January 25: Paid $47,400 cash as salaries for the month. January 29: Received S66,000 cash from customers in payment for services billed orn January 20 January 31: Sun withdrew $15,600 from the business for personal use Required 1- Prepare Journal entries to record the above transactions 2- Post to the appropriate ledger accounts. 3- Prepare the trial balance on January 31 2019 4. Prepare the financial statements of Sun Company on January 31 2019 (2 marks) (2 marks) (2 marks) (2 marks)

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