Prepare the Journal Entry, ledger and trial balance for two periods.

****** 1 2 3 5 8 12 After completing vocational education, Ramachandra set up AlignedRight Company, a plumbing Problem 3.11 service. The business carried out the following transactions in the first two months. Journal, Ledger, and Trial Jan. Ramachandra invested in the company's share capital in the form of tools, 2,000 and Balance for Two Periods cash, 31,000. 2 Took an interest-free loan from a customer, 510,000. Bought a car costing 20,000 on down payment of 2,000 and gave eighteen bills payable of 1,000 each. Bought tools for cash, 3,000. Received advance from a customer, 9,800. 7 Provided services for cash, 3,700. Billed customers for services, 57,130. Provided services for advance received on January 5. 15 Bought supplies for cash, 1,810. 17 Used supplies, 1,620. 20 Collected receivables, 26,920. 24 Received advance from a customer, 1,300. 27 Repaid loan, 1,000. 29 Paid salaries, 26,310. 31 Paid a bill payable. Feb. 1 Paid tool repair expense, 150. 2 Received advance from a customer, 2,400. Billed customers for services, *2,940. Bought supplies on credit, 1,790. 7 Bought tools for cash, 8,000. Provided services for cash, 1,910. 14 Provided services for advance received on January 24 for 1990 and refunded the balance. 17 Returned defective supplies to be adjusted against future purchases, 3170. 18 Used supplies, 31,540. 22 Paid rent for January and February, 25,000 23 Collected receivables, 32,920. 25 Provided services for advance received on February 2 for $2,750 and collected the balance. 27 Paid petrol bill for January and February, 22,410. 29 Paid salaries for January and February, 37,540. 29 Paid telephone expense for January and February, 31,570. Required 1. Record the January transactions in the journal. 2. Post the January journal entries to the ledger. 3. Prepare the January 31 trial balance. 4. Record the February transactions in the journal. 4 12 5. Enter the January 31 balances in the relevant accounts. Write Balance in the explanation space. 6. Post the February journal entries to the ledger. Open additional accounts as may be necessary. 7. Prepare the February 29 trial balance