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 $.....cash for January office rent. 4 Paid $ ......for supplies. 5 Purchased $......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, $.... 19 Paid ABC Company the amount due in transaction incurred on 5 January 28 Paid employee's salaries and wages, S..... 29 Received $......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)