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SECTION B: Please answer Question 1: Jennie of the BLACKPINK left the group and starts a business in Music industry on Jan 2021. During the month, Jennie completed these transactions: 1. Jan 1, Jennie invested 200,000 cash along with audio equipment 20,000 and 35,000 worth of furniture. 2. Jan 2. Paid 10,000 cash for the rent of office space for the month. 3. Jan 4. Purchased 12,000 of additional equipment on credit (due within 30 days, 10% discount if pay earlier). 4. Jan 8. Completed author work for a BTS new song and collected the 30,000 cash. 5. Jan 10. Completed recording for XOXO and sent a bill for 50,000. 6. Jan 12. Purchased additional equipment for 10,000 in cash. 7. Jan 15. Paid organiser assistant 8,000 cash as wages for 15 days. 8. Jan 18. Collected 25,000 on the amount owed by the client. 9. Jan 25. Paid 10,800 cash to settle the liability on the equipment purchased. 10. Jan 28. Jennie withdrew 20,000 cash for her shopping, 11. Jan 30. Completed recording for BTS who paid only 20,000 for 50% of the service. 12. Jan 31. Paid entertainment expenses 20,000 for MAMAMOO next tour. 13. Jan 31. Received Electrical & Water bill, amounted 5,000. Required: 1. Prepare the transaction analysis for Jennie of BLACKPINK. Hints: Used Assets = Liability + Owner's Equity. 2. Prepare the journal entries 3. Post Journal to respective ledger and, 4. Prepare the trial balance. (30 marks)