Q1. The following transactions resulted from Continental Laundry Services during the month of November 2020: 2020 Nov. 1 Mark started Continental Laundry Company, invested $50,000 cash and $6,000 worth of laundry supplies in the business. 3 Bought delivery trucks on account, $35,000 6 Received advertisement bill for $900 but not yet paid 8 Bought office equipment for cash $1,500 12 Received cash for Laundry services rendered, $13,000 16 Paid salaries expense $1,850 18 Paid gas expense for company trucks, $650 20 Billed customers for laundry services rendered, $6,500 27 Paid telephone bill, $500 28 Received $1,600 as partial payment of transaction 'Nov 20 28 Mark paid his own telephone bill with a company cheque, $90 Adjustment data: a. Laundry Supplies on hand $4,200 b. Depreciation on delivery truck, $100: {(35,000-5,000)/25/12 c. Accrued Salaries $500 (1) (ii) (iii) Record all the transactions in the Journal and set up Standard account or 'T' accounts in a ledger and record the transaction in as well as show the final balance. (10 Marks) Prepare a worksheet showing trial balance, adjustment and post adjusted trial balance. (15 Marks) Prepare Financial statements for the month of November 2020 (15 Marks)