Question 9 Not yet answered Marked out of 10.00 p Flag question Steve and friends opened a gym on September 1, 2020 which they named Stevo Ltd. During the month the following transactions occurred. September 1 The shareholders invested $50,000 cash in the business in exchange for ordinary shares 3 Purchased equipment for $30,000 and signed a note payable 4 Paid rent of $12,000 for a 12 month period. (hint a rent paid in advance has a benefit that extends beyond this month) 10 Provided services to clients for $10,000 of which $8,000 was collected in cash and the balance on account. 20 Received $3,000 cash from customers in advance to services 29 Paid monthly salaries of $10,000 30 Paid a cash dividend of $5,000 1. Record each of the previous transactions in the general journal (OMIT Explanation). [5marks] 2. Post the transactions to the relevant ledger accounts using the following account numbers and obtain the balances: 101 Cash, 110 Accounts Receivable, 130 Prepaid-Rent, 150 Equipment, 200 Notes Payable, 202 Unearned Service Revenue, 301 Share Capital, 400 Service Revenue, 500 Dividends, 615 Salaries expense. (5 marks] Format BI SE 1. Journal