The Letroit Company Case study January 1st: Creation of the Letroit Company, via a contribution of shareholders 60,000 KE on a bank account. Acquisition of a second hand automobile, paid for by bank check: Purchase of goods on credit from the supplier Arnaud: Sale of all these goods on credit to the client Aubin: January 2: January 5: January 6: January 12: January 14: January 22: The company takes out a long-term loan from its bank: Payment of the debt to the supplier Arnaud. Recording of chartered accountant's fees (to be paid in two months). January 24: 20,000 KE 30,000 KE 65,000 KE 45,000 KE 3,000 KE Recording of an invoice related to an advertising insert (to be paid 2,800 KE in 2 months). January 27: Recording and payment by check of interest on the loan:. The client Aubin sends a check, which the Letroit Company deposits to its bank account: January 28: January 29: Recording of wages, paid immediately by bank transfer. January 30: Recording of payroll taxes for the month of January, to be paid in 200 KE 25,000 KE 15,000 KE 9,000 KE April:. Task: Record the above transactions. Prepare the balance sheet and the income statement for the month of January and the balance sheet at January 31.