Assignment 1 (10 Marks) 2 6 Abdullah begins business as a real estate agent, named Sanctuary Real Estate Agency. The following are transactions occurred during his first month of business: Date Transactions Jan 1 Abdullah invests $22,000 in cash to start his business on January 1, 2021 Hired an administrative assistant at a salary of $2,000 per month Purchased office equipment for $5.500 from Good Furniture paying $2.000 in cash and the balance of on account. 15 Paid $2,500 cash for rent expense. Purchased supplies on account for $1.200 Billed $1,300 to customers for services performed 23 Incurred utility expenses for month on account $1.000 Received $1.000 cash from the customers who have previously been billed in transaction Jan 21 16 21 30 REQUIRED: a. Prepare joumal entries to record each transaction occurred during January 2021. b. Post the transaction to ledger, c. Prepare trial balance as at 31 January 2021. Answer Sheet for Question 1 (a) GENERAL JOURNAL Date Debit Credit Answer Sheet for Question 1 (b) Answer Sheet for Question 1 (b) Answer Sheet for Question 1 (c) Title: Accounts title Debit Credit