Page Bre Q1 (25 marks) During the first month of operations (January 2019), Sargum Services Ltd. completed the following selected transactions: a) The business has cash of $10,000 and a building valued at $50,000. The corporation issued common shares to the shareholders. b) Borrowed $50,000 from the bank, and signed a note payable. c) Paid $60,000 for music equipment. d) Purchased supplies on account, $1,000. e) Paid employees' salaries, $1,500. f) Received $800 for service performed for customers. g) Performed service to customers on account, $4,500. h) Paid $100 of the account payable created in transaction (d). i) Received a $600 utility bill that will be paid in the near future. j) Received cash on account, $3,100. k) Paid the following cash expenses: rent, $1,000; advertising, $800. Requirements 1. Prepare the general journal entries, in chronological order, from the general ledger entries shown. 2. Prepare the trial balance of Sargum Services Ltd. at January 31, 2019. General Journal