Please read the transaction of FunSun. Co and use the template provided to:

Pass the journal entries for transactions given

Prepare the various t$-$account

Prepare the trial balance

Explain the uses of journal and ledger accounts.

Date

Transaction

April $1$:

Commenced business with $$35,000$ of common stock for cash $$35,000$

April $2$

Purchased Office supply for $ $1,100$ on account

April $5$

Billed customers $ $10,000$ on the account.

April $12$

Purchased a delivery van for $ $7,000$ on loan.

April$15$

Paid rent for $ $5,000.$

April $16$

Paid Salaries to employees $$4,000$

April $17$

Cash sales for $ $2,000$

April $20$

Paid insurance for one$-$year policy $$1,800.$

April $20$

Paid the loan on van $$1,000$

April $21$

Collected $ $9,000$ for the bill on April $5.$

April $25$

Return office supply purchased on April $2$ $ $100$

April $27$

Purchased additional furniture by paying cash for $ $2,000.$

April $29$

Cash withdrawal for personal use $ $1,000$

Additional entries:

$($a$)$

Depreciation for the month of April on van $5\%$

$($b$)$

Accrued but unpaid employee salaries were $$500$

$($c$)$

Earned but unbilled Revenue on April $30$ was $$600$

$($d$)$

One$-$twelfth of the insurance expired

$($e$)$

Paid Dividend $$,1000$

Follow the template provided $($attached$)$ to prepare:

Journal entries

t$-$account

Trial balance

Explain the use of journal and ledger