QUESTION 1 (2.5 marks) On January 1, 2021, HBS started a new business called HBS Corporation. In the January, the following transactions completed. Date Transactions 1 Shareholders invested $20,000 in the business in exchange for ordinary shares. 2 Obtained a bank loan for $8,000 by issuing a note payable. 3 Paid S......cash for January office rent. 4 Paid S......for supplies. 5 Purchased S.....an equipment on account from ABC Company. 5 Paid $......advertising to XYZ Advertising Company 6 Performed service for $20,000, of which $2,000 was in cash and the remaning was billed to customer on account. 13 Paid the utility bill for the month, S..... 19 Paid ABC Company the amount due in transaction incurred on 5 January 28 Paid employee's salaries and wages, S..... 29 Received S......cash from customers billed in transaction incurred on 6 January 30 Declared and paid cash dividend of $400. Note: The closing balance of CASH account was $23,000 Required: 1. Fill the dot (.....) with a reasonable amount for given transactions above. (0.75 marks) 2. Prepare journal entries for the given transactions. (0.75 marks) 3. Post the transaction to T accounts. (0.5 marks) 4. Prepare Trial Balance. (0.5 marks)