Question 1: The trail balance sheet of Moe's Mowing, Inc is dated September 31, 2014 Assets Liabilities Cash Account Receivable Inventory Total current assts Cars build 6,000 400 2,500 Account Payable Notes 5,000 2,500 8,900 Total Liabilities 7,500 7,500 1500 2500 Shareholder's Equity Common Stocks 6,700 6,200 Retained Ea Total fixed asset 11,500 Total owner's equiry 12,900 Total Liabilities and Shareholder's Equity Total Assets 20,400 20,400 During the month of October, the business incurred the following transactions: 1. Deposited $5,000 cash in the business's bank account. The company received the cash and issued common stocks. 2 The company purchased a car for $1,750 on account. 3. The company purchased office supplies for $400 cash 4. The company provided services to a customer for $1,300 on account 5. The company paid $500 cash toward the car which was purchased in transaction (2) 6 The company received $1,000 in cash for services provided to a new customer. 7. The company paid $100 cash to repair car (expenses). 8. The company paid $450 cash in salary expense. The company received $1,100 cash from customers about the services which provided in transaction (4) 10. The owner purchased a car for his personal usage by $14,000 cash 11. Declared and paid dividends of $600. 12. Collecting 70% of accounts receivable. 13. The company paid 55%of its accounts payable. Required . Record theses business transactions in Journal entry Open T-account in the ledger entry and enter these transactions, then close the T-account . Create the Financial statements (Income statement, Retained earnings statement, and balance sheet)