Zouk's financial year end is December $31$ each year and you have been provided the following information and transactions for $2023$:

Jan $1.$ Balances from $2022$ Cash $$500,000$; Accounts Receivable $$150,000$; Supplies $$105,000$; Machinery and Equipment $$700,000$; Other Creditors $$300,000$; and Capital $$1,155,000.$

Jan $2.$ The following assets were received from Paul Zoukis in exchange for capital in the company: cash $-$ $$300,000,$ accounts receivable $-$ $$150,000,$ supplies $-$ $$105,000,$ and Machinery and Equipment$-$ $$350,000.$

Feb $1.$ Paid fourteen $(14)$ months$$ rent on a lease rental contract at $$35,000$ per month.

Mar $30.$ Paid the premiums on the property and peril insurance policies for fifteen $(15)$ months amounting to $$150,000.$

April $4.$ Received cash from clients as an advance payment for services to be provided in the coming months, $$440,000.$

May $5.$ Purchased forklift on account from Fatman Machinery and Equipment for $$400,000.$

June $6.$ Received cash from clients on account, $$200,000.$

June $10.$ Paid cash for security services amounting to $$54,000.$

Aug $12.$ Paid Fatman Machinery and Equipment $$150,000$ of the debt incurred on May $5.$

Sept $12.$ Recorded services provided on account for the period July $1$ Sept $12,$ $$560,000.$

Sept $30.$ Paid part$-$time workers salary, $$226,000.$

Oct $17.$ Recorded cash from cash clients for fees earned during the first half of year, $$501,250.$

Oct $30.$ Paid cash for supplies, $$95,000.$

Oct $30.$ Recorded services provided on account for the period June to July, $$208,000.$

Nov $24.$ Recorded cash from cash clients for fees earned for the period September $13-$ Nov $24,$ $$485,000.$

Nov $25.$ Received cash from clients on account, $$350,000.$

Nov $27.$ Paid part$-$time workers for salary $$226,000.$

Dec $29.$ Paid telephone bill for the year $2022$ $$290,000.$

Dec $30.$ Paid electricity bill for the year $2022$ $$285,000.$

Dec $30.$ Recorded cash from cash clients for fees earned for the period September $14-$ Dec $30,$ $$350,000.$

Dec $30.$ Recorded services provided on account for October to December $2022,$ $$280,000.$

Requirement:

$1.$ Prepare the opening journal entries and journalize each transaction in the general journal and include a narration for each transaction: