In December 2019, Mike Mills opened a miniature golf course to cater for the summer holiday tourists and completed the transactions below during its first month of operations. For the sake of simplicity, GST is ignored.

Required

(a) Prepare general journal entries to record the December transactions.

(b) Post the entries from the general journal to running balance general ledger accounts and enter the posting references in the journal.

(c) Prepare a trial balance as at 31 December 2019.
The following transactions took place in January.

Required

(d) Prepare journal entries to record the January transactions.

(e) Post the entries to the ledger.

(f) Prepare a trial balance as at 31 January 2020.

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Purchased golf clubs, balls and other equipment costing $80 000 for $40 000 cash and a loan for $40000. Dec. 1 Invested $90000 capital in the business. 2 4 Paid $1500 for advertising. 6 Purchased supplies on credit for $6200. 15 Recorded cash revenue for the first half of the month of $8400. 24 31 31 31 Withdrew $720 from the business bank account for personal use. Recorded cash revenue for the second half of the month of $10 100. Paid wages of $2700. Paid rent for December, $2400.