Question Two: (10 Marks) (sao Michaele Newman starts financial consulting business under the name John Louise Company. Journalize the following transaction for John Louise Company during the month of Sep 2021. 1/9 Owner transfer $130,000 from his bank account into business bank account for business use. 5/9 Purchased Building for $250,000, paying $25,000 by cash, and giving note payable for the reminder. , $V 11/9 Paid $5000 one-year advance rent payment on office building. 12/9 Purchased office supplies for $7,500 on account 15/9 Sent bill to client for $22,400 for consultancy services provided 17/9 Paid creditors on account $3200 V 20/9 Completed a consultancy service for a client, earned $34,500 received $4000 by cash, and remaining on account. 22/9 Received cash $6,600 from client on account. The following errors was identified and require to be corrected according to accounting standard. 30/9 Paid utility expense $3400, was recorded as debit cash $4300 and credit Utility expense $4300 30/9 Fees earned $2000 paid cash, was recorded as debit account receivable $2000, credit Fees earned Dr $2000 CV Cash 480 300 AR 2 our Question Two: (10 Marks) (sao Michaele Newman starts financial consulting business under the name John Louise Company. Journalize the following transaction for John Louise Company during the month of Sep 2021. 1/9 Owner transfer $130,000 from his bank account into business bank account for business use. 5/9 Purchased Building for $250,000, paying $25,000 by cash, and giving note payable for the reminder. , $V 11/9 Paid $5000 one-year advance rent payment on office building. 12/9 Purchased office supplies for $7,500 on account 15/9 Sent bill to client for $22,400 for consultancy services provided 17/9 Paid creditors on account $3200 V 20/9 Completed a consultancy service for a client, earned $34,500 received $4000 by cash, and remaining on account. 22/9 Received cash $6,600 from client on account. The following errors was identified and require to be corrected according to accounting standard. 30/9 Paid utility expense $3400, was recorded as debit cash $4300 and credit Utility expense $4300 30/9 Fees earned $2000 paid cash, was recorded as debit account receivable $2000, credit Fees earned Dr $2000 CV Cash 480 300 AR 2 our