Problem 3.6 Transaction Analysis, T Accounts and Trial Balance ** Alternative to Problem 3.5 Pradeep and Selvam set up Venus Photoshop Company in December 20XX. The transactions in the first month were as follows: (a) Pradeep and Selvam invested cash in the company's share capital, 2,500 each. (b) Took a bank loan, 31,000. (c) Paid insurance for the month, 60. (d) Bought supplies on credit, 350. (e) Billed customers for services, *2,300. (t) Used supplies, *270. (g) Paid equipment rent for the month, 500. (h) Collected receivables, 21,900. (i) Repaid bank loan, 700. 0) Paid interest on bank loan, 100. (k) Paid a dividend, *200. Required 1. Record the transactions directly in the accounts. 2. Prepare the December 31 trial balance