Question: (Do it on microsoft excel and paste it here, so I can copy the answer text easily) Thanks in advance 1. Milton Services provides security

 (Do it on microsoft excel and paste it here, so I
(Do it on microsoft excel and paste it here, so I can copy the answer text easily) Thanks in advance

1. Milton Services provides security services. Selected transactions for Milton Security Services in September 2020 are presented below: Sept 1 Sept 3 Sept 6 Sept 7 Sept 8 Sept 13 Sept 18 Invested cash $120,000 and truck $42,500 in business Have interviewed and hired part time consultant with the salary $2,000 per month. First day of work will be 5 Sept 2020 Paid insurance for 1 year policy $8,040 cash Purchased supplies $32,100, paid cash $1,400 and the balance on account Purchased equipment for $36,700 by cash $4,200 and the balance on account. Provided security services for $45,000 by cash Received cash in advance $ 25,600 for the security services provided at the end of month Paid rent expenses for the September 2020 $1,350 Paid employees' salaries $2,350 for September 2020 Paid consultant' salaries $2,000 for September 2020 Sept 23 Sept 25 Sept 29 Required: 1. Prepare journal entries for the above transactions. 2. Post the transactions to ledgers 3. Prepare trial balance at September 31, 2020 (20 marks) (15 marks) (10 marks)

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