The following transactions were completed by M.T. Moore during January 2015: January 2 Deposited R20 000 in a business bank account 3 Purchased the Highlands Cinema for R30 000, the land and buildings costing R25 000 and the equipment R5 000. Settled the purchase price by a cash payment of R12 000 and by raising a mortgage loan for the balance with the Grahamstown Bank. 5 Paid insurance premiums of R960. 6 Paid advertising expense for January R450. 9 Purchased consumable stores R280 and equipment R1 500 on account. 11 Paid miscellaneous expenses R140. 15 Entered into a contract leasing a portion of the building at a monthly rental of R240 to R. Morgan, who will operate a refreshment stand for patrons. Received R360 from Morgan as the advance payment for the period to 28 February. 17 Banked cash received for admission ticket sales R3 630. 24 Returned part of the equipment purchased on 9 January to the supplier and received a credit note for its original cost R300. 28 Received an invoice for R1 950 from the distributor for the cost of films hired for January 30 Paid wages for the month R3 500. 30 Paid creditors R1 270 on account, as well as electricity and water bills of R260. 31 M.T. Moore withdrew R900 from the bank for personal use. 31 Banked cash received for admission ticket sales R5 070. 31 Recorded the following Depreciation on equipment for January R120 amount to R880. Prepaid insurances February rent received All consumable stores in advance R240. purchased were used during January Use the following account numbers and titles: REAL ACCOUNTS NOMINAL ACCOUNTS 10 Capital 60 Ticket sales revenue 11 Drawings 61 Rent revenue 20 Mortgage loan 70 Advertising expense 30 Accounts payable 71 Consumable stores expense 31 Rent received in advance 72 Electricity and water expense 40 Land and buildings73 Film hire expense 41 Equipment 74 Miscellaneous expense 50 Prepaid expenses 75 Insurance expense 51 Cash at bank 76 Wages expense 52 Consumable stores on hand 77 Depreciation expense 80 Profit and loss summary REQUIRED: (a) Record the transactions for the month of January in ledger accounts. (b) Prepare a trial balance. (c) Using the trial balance prepare the firm's Statement of Profit or Loss for January and Statement of Financial Position at 31 January 2015. (d) Record closing entries to the profit and loss summary and capital accounts. (e) Balance the real accounts and ensure that all nominal accounts have zero balances. Page 1 of 1