Q2. Ouro Johnson has the following transactions during August of the current year. (a) Journalize the transactions, (b) Post to the ledger accounts, (c) Prepare a trial balance for August 31, 2008. 1. Aug 1 Opens an office as a travel agent, investing $25,000 in cash in exchange for common stock 2. Aug 4 Pays insurance in advance for 6 months, $1,200 3. Aug 16 Receives $5,000 from clients for arranging travel services 4. Aug 27 Pays secretary $1,500 salary