On January 1, 2005, Fahad Ali established Mountain Top Realty, which completed the following transactions during the month Jan 2 1 Fahad Al transferred cash from a personal bank account to an account to be used for the business, S30 500 Paid rent on office and equipment for the month, 52.650 3 Purchased supplies on account, S2.200 4 Paid creditor on account. $900. Earned fees receiving cash 514,660 Paid automobile expenses (including rental charge) for month, S1,580, and miscellaneous expenses, $570 7 Paid office salaries, $2,000. & Determined that the cost of supplies used was S1,150 9 Withdrew cash for personal use, S2,600 5 6 Required: 1. Journalize entries for transactions Jan 1 through 9. Refer to the chart of accounts for the exact wording of the account titles CNOW joumais do not use lines for journal explanations Every line on a jouma/ page is used for debit or credit entries. CNOW joumals will automatically indenta credit entry when a credit amount is entered 2. Post the journal entries to the accounts selecting the appropriate date to the text of each amount to identify the transactions Determine the account balances after al posting is complete. Accounts containing only a single entry do not need a balance Determine the correct ording balance The ending balance isbel is provided on the left side of the account even when the ending balance is a credit. The unused cell on the balance line should be left blank 3. Prepare an undiusted trial belance as of January 31, 2045 4. Determine the following a Amount of total revenue recorded in the leder b. Amount of total expenses recorded in the ledger c. Amount of net income for January 5. Determine the increase or decrease in owner's equy for January