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Sept 6 Sept7 Sept 8 1. Milton Services provides security services. Selected transactions for Milton Security Services in September 2020 are presented below: Sept 1

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Sept 6 Sept7 Sept 8 1. Milton Services provides security services. Selected transactions for Milton Security Services in September 2020 are presented below: Sept 1 Invested cash $120,000 and truck $42,500 in business Sept 3 Have interviewed and hired part time consultant with the salary $2,000 per month. First day of work will be 5 Sept 2020 Paid insurance for 1 year policy $8,040 cash Purchased supplies $32,100, paid cash $1,400 and the balance on account Purchased equipment for $36,700 by cash $4,200 and the balance on account Sept 13 Provided security services for $45,000 by cash Sept 18 Received cash in advance $ 25,600 for the security services provided at the end of month Paid rent expenses for the September 2020 S1,350 Paid employees' salaries $2,350 for September 2020 Sept 29 Paid consultant' salaries $2,000 for September 2020 Required: 1. Prepare journal entries for the above transactions. (20 marks) 2. Post the transactions to ledgers (15 marks) 3. Prepare trial balance at September 31, 2020 (10 marks) Sept 23 Sept 25

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