Request odit access 19 e Share L. File Edit View Tools Retained Earnings 6,000 69,100 69,100 e for Summarized transactions for January 2016 were as follows: 1 3 10 12 15 5 5 Owner invested another RM20,000 into the business Purchased repair parts of RM3,500 on account Collected RM8,000 of account receivables. Open up bank account RM10,000 cash, Purchased tools of RM5,000; paying cash RM1,000 and the balance will be paid in four monthly installments starting from next month Paid account payables by check of RM2,000. Rent for the month of January was recorded for RM1,000. Paid utilities bill online for RM500. Paid salary for RM2,000. Sales for the month of January totaled RM25,000, and cash receipts amounted to RM18,750. 8 17 18 20 28 31 9 10 11 Required 14 15 a. Prepare journal entries to record each of January transactions. b. Post the journal entries to the accounts in the 3-column ledger or T-accounts. c. Prepare a Trial Balance as of January 31, 2016 16 17 18 2. Buzz Company started its business operation in the year of 2014. The followings are for the month of January 1 20 23 Type here to search acer Esc F1 F2 F3 F4 F5 F6 Request odit access 19 e Share L. File Edit View Tools Retained Earnings 6,000 69,100 69,100 e for Summarized transactions for January 2016 were as follows: 1 3 10 12 15 5 5 Owner invested another RM20,000 into the business Purchased repair parts of RM3,500 on account Collected RM8,000 of account receivables. Open up bank account RM10,000 cash, Purchased tools of RM5,000; paying cash RM1,000 and the balance will be paid in four monthly installments starting from next month Paid account payables by check of RM2,000. Rent for the month of January was recorded for RM1,000. Paid utilities bill online for RM500. Paid salary for RM2,000. Sales for the month of January totaled RM25,000, and cash receipts amounted to RM18,750. 8 17 18 20 28 31 9 10 11 Required 14 15 a. Prepare journal entries to record each of January transactions. b. Post the journal entries to the accounts in the 3-column ledger or T-accounts. c. Prepare a Trial Balance as of January 31, 2016 16 17 18 2. Buzz Company started its business operation in the year of 2014. The followings are for the month of January 1 20 23 Type here to search acer Esc F1 F2 F3 F4 F5 F6