$(......\frac{?}{29}$ points$).$

Question $1.$

The following transactions relate to POPSTAR Company.

V $1.$ Jamuary $25$: The company purchased materials for $$3,000$ on credit.

$v{v}_2.$ Apreil $13$: The company paid $$400$ to a supplier.

May $26$: The company issued some shares for $$1\mathrm{.}500($the nominal$/$par value for those shares is $$1\mathrm{.}200).$

$-4.$ November $22$: The company received a $$600$ dividend in cash.

$.5.$ December $1$: Declared $($ONLY DECL.EARD$)$ dividend of $$700.$

r$6.$ December $11$: The company paid back from the long$-$term loan $$1,000$ and $$400$ interest.

NOTE: ignore corporate tax!

Enter all the above events on the enclosed T$-$accounts and record it at the General Joumal. and write down the impact on the accounting equation $(1.$ Only asset side changes, $2.$ Only Equity & Liabilities side changes, $3.$ Both sides increase, $4.$ Both sides decrease$).(16$ points$).$

Carry forward the balance of the Income Statement's account to Income Statement account $(2$ points$).$

$\backslash$table$[[$General Journal$],[$Debit Record,Credit Record,Amount$],[,,],[,,]]$

III. Calculate the balance of the Income Statement account and carry forward the balance to Retained earnings account $(2$ points$).$