The following recorded journal entries are extracted from Smith & Co during the month of January 2020. Date Details Debit Credit 1/2/2020 Cash 800,000 Owner's Capital 800,000 1/3/2020 Purchase Expenses 80,000 Accounts Payable 80,000 1/4/2020 Machine 420,000 Note Payable 220,000 Cash 200,000 1/5/2020 Account Receivable 525,000 Service Revenue 525.000 1/6/2020 Insurance Expense 33,000 Cash 33,000 1/7/2020 Accounts Payable 52,000 Cash 52,000 1/8/2020 Purchase Expense 600.000 Accounts Payable 600,000 1/9/2020 Insurance Expenses 20.500 Cash 20,500 1/10/2020 Owner's Drawings 10,800 Cash 10,800 1/11/2020 Cash 200,500 Accounts Receivable 200,500 Required: a) Prepare Ledger Account as per the specimen format. b) Prepare the Trail balance for the month of January 2020