Sunny So completed the following transactions during January of 2020: Jan 1 Began a consulting practice by investing $25,000 cash and office equipment with a $5,000 value. 2 Purchased $1,200 of office equipment on credit. 3 Purchased $500 of office supplies on credit. 4 Completed work for a client and immediately received payment of $1,000 cash 5 Completed work for Yellow River Co. on credit, $5,700. 9 Paid for the supplies purchased on credit on December 3. 12 Paid for the annual $960 premium on an insurance policy. 15 Received payment in full from Yellow River Co. for the work completed on December 5. 18 Sunny withdrew $1,000 cash from the business to pay personal expenses. 25 Received $20,000 in advance from a client for services to be performed next year.

Required: 1. Prepare general journal entries to record the above transactions. Include a short description for each entry. 2. Prepare a trial balance. Part B: (5 marks) Define the following terms: 1. Double-entry accounting 2. Account 3. Debit 4. Journal 5. Trial balance