PROBLEM: Mr. Steven Started his business on 1st January 2023 and the following transactions have been recorded as on 31st Jan 2023.

Jan 1. Mr. Steven invested cash in business amount $ 100,000.

Jan 2. He purchased furniture $10,000 and machinery $20,000 for cash.

Jan 3. Purchased inventory for $25,000, paid $15000 and balance to be paid in February 2023.

Jan 4. Borrowed loan from Emirates NBD $30,000 at 5% rate of interest.

Jan 5. Sold goods for $30,000 on account.

Jan 6. Bought supplies for $2000 to be paid in next month.

Jan 8. He has collected from customers $15000.

Jan 10. Paid to suppliers $ 10,000 as a partial payment of inventory purchased on Jan 3.

Jan 11. Purchased store equipment on account $2000.

Jan 14. Sold goods for cash $10,000.

Jan 16. Depreciate furniture by $200 and machinery by $400 during the month of January.

Jan 20. Purchased inventory (goods) to be paid in cash $2000. Jan 22. Sold goods for $5000 to a customer and payment is made in March.

Jan 25. Salary for Jan paid in cash $1000, Rent paid in cash $3000 and Commission paid in cash $1500.

Jan 26. Salary for Jan is still outstanding $3000 and Rent for Jan is still outstanding $2500.

Jan 28. Withdrew $1,000 cash for personal use.

Jan 30. Received interest from bank $500.

Jan 30. Paid advertising expenses $500.

Required: Prepare the trial balance at the end of January 2023.