1. You are tasked with recording transactions and preparing a trial balance for ABC Company. Use the following transactions:

   Date	Account	Debit ($)	Credit ($)
   Jan 1	Cash	5,000
   Jan 3	Supplies	1,000
   Jan 5	Equipment		8,000
   Jan 7	Revenue		10,000

   Requirements:

   • Record the transactions in the appropriate ledger accounts.
   • Prepare a trial balance after recording all transactions.
   • Discuss the purpose and significance of a trial balance.