Question One: Read the following transactions related to Sarah Design Ltd company: (100 Points) Sarah Design Ltd was founded in Dec 2019. Sarah Design provides unique and modern designing services to customers. During month of December 2019, the following transactions took place: 1-Dec Shareholders invested $500,000 cash in the business in exchange for shares. 6 15 Purchased a land costing $120,000 and Building for $60,000 on acco Purchased equipment costing $5,800 cash. 2/4 16 Received $5,500 cash from customer for services not performed yet. 18 Performed services and billed customer for services performed $3,200. 20 Received half of the amount in cash from the billed customers on December 18th 26 Paid $42,000 cash for the purchase on account on December 6th. 29 Declared and paid cash dividends to shareholders for $1,000. 30 Paid interest of the month, $250. Answer the following: 1- Prepare journal entries and post them to the related T-Accounts. (54 points) Note: Use the provided table below Date Account Titles Dec-01 Dec-06 Dec-15 Dec-16 Dec-18 Dec-20 Debit Credit