Wanna Be Rich Trading, owned by Richie Richer, sells casual wear for both men and women. The business began operations on January 1, 2022. To commence trading, Richie Richer had the assets and liabilities: $200,000 Bank Loan (repayable in 2025) Office Furniture Bank Shop Equipment During the month of January 2022, the following transactions occurred: Jan 1 Rented premises for $50,000 per month. Wanna Be Rich Trading paid $150,000 for the first quarter to March 31, 2022 by cheque. Jan 2 Purchased inventory work $80,000 on credit from Already Rich Ltd. Jan 2 funds lodged immediately Jan 7 Jan Jan purchased on Jan. 2. cash Jan 21 Jan 16 $160,000 Jan 17 Jan 18 8 Jan 31 Jan 31 14 Task 2 Jan 31 cash $15,000 Sold a quarter of the inventory for $40,000 cash, Required: Task 1 $500,000 $300,000 $100,000 Paid cheque to Already Rich Ltd for half the goods lodged immediately Jan 25 use in the business. Paid insurance for Jan $7,500 by cheque Sold the remaining inventory for credit as follows: Rochelle Dealer $30 000 Samantha McGregor Percival Kingdom Janet Justice $25,000 $25,000 $80,000 Purchased goods on credit from All Traders Co. Sold good for cash $75,000 Purchased computer equipment for $30,0000 by Sold half the inventory for $100,000 cash, funds Rich Richer withdraws $10,000 from the bank for Purchased office supplies costing $3,500, cash. Paid shop assistant wages $25,000 by cheque Paid electricity bill for Richie Richer's mother in Calculate the opening capital for Richie Richer on January 1, 2022 Journalize the above transactions in the general ledger (no narrations required) for the month of 131