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Use the following transactions for Problems 2.3.and 4. All transactions took place in 2019. a On January 1, Village Repair sold 1,000 shares of its

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Use the following transactions for Problems 2.3.and 4. All transactions took place in 2019. a On January 1, Village Repair sold 1,000 shares of its common stock to Reggie Village. its founder and sole owner, for $70.000 b. On January 2, Village Repair paid rent for January, $1.300. c. On January 3. Normal Community Bank loaned Village Repair $30,000 na year note payable d. On January 4, Village Repair purchased equipment from Midwest Equipment Company by paying $12.000 cash. e. On January 7. Village Repair received a $5,000 cash advance from a customer. It was for an order for reconditioned appliances to be delivered in February 1. On January 10, Village Repair purchased $1,500 of supplies from Heart of Illinois Supply Company on account: & On January 12, Village Repair completed $2.500 of repairs on a furnace for Boys & Girls Clubs of Bloomington Normal. The customer will pay the bill next month h. On January 15, Village Repair paid for supplies purchased earlier on credit 1. On January 20, Village Repair purchased an insurance policy for general business and liability coverage for all of 2019 for $2.400. On January 31, Paid a 5700 dividend to the stockholder. You can answer the following questions either in the document or on a piece of notebook paper. I would recommend doing it on notebook paper. The formatting for Taccounts and the trial balance is easier to do by hand than in Word Problem 3-4 Refer to your corrected journal entries from Problem 3-3. Create a T-account for each account used in the journal entries. Remember that the T-accounts in the ledger will appear in specific order. The first one will be Cash Post the journal entries to the T-accounts (general ledger) you create. Problem 3.5 Using the balances from the T-accounts (ledger) from the previous problem, prepare a Trial Balance for Village Repair Corporation as of January 31, 2019. Your trial balance should be formatted as shown below. TO Vila Resort

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