Question 2 Flowers Co. started its operations on January 1, 2020. The following transactions took place during the first month of operations: January 1: The owner invests $9,200,000 cash to start the business. January 4: Purchased furniture for $992,000, paying $192,000 in cash and sign a note for the remaining balance. January 8: Purchased office supplies for $40,000 on credit. January 11: Paid S88,000 cash for January rent. January 15: Paid $10,800 cash for office supplies purchased on January 8. January 21: Services billed to customers amount to $192,000. January 22: Received utility bills for $21,000 for the month of January January 26: Paid S94,800 cash as salaries for the month. January 30: Received $132,000 cash from customers in payment for services billed on January 21. January 31: The owner withdrew $31,200 from the business for personal use. Q2 Required: a. Prepare Journal entries to record the above transactions, marks) b. Post to the appropriate ledger accounts. c. Prepare the trial balance on January 31, 2020. d. Prepare the financial statements of Flowers Co. on January 31, 2020. (2 marks) (2 marks) (2 marks)