Exercise 1: Robert has recently decided to open his new business of retail of products for petcare in a store located in the center of Barcelona. During the month of May 2021, Roberts new company 4PETS, Ltd. realized the following transaction: 3 of May: 4PETS, Ltd. issued to Robert 200,000 shares in exchange of $200,000 of share capital 3th of May: 4PETS, Ltd purchased a shop next to the cathedral for $300,000. The price of the land is $150,000. Robert paid $80,000 in cash and issued a note payable for the remaining part. 4th of May: 4PETS, Ltd purchased furniture to FURNITURES4ALL, Inc. for $35,000. 4PETS, Ltd paid $20,000 in cash, the remaining $15,000 will have to be paid the 29th of May. 5th of May: 4PETS, Ltd purchased merchandises on account to ALLANIMALS, Inc for $53,000 6th of May: 4PETS, Ltd makes some installations in the shop for $8,500 paid in cash 7th of May: 4PETS, Ltd hires one employee with a salary $1,500/ month. Salaries are paid on the following day 2 of each month. 16 of May, 4PETS, Ltd purchases merchandises to DRESS BETTER; Lt. on account for $20,000. 19 of May, the company pays the invoice to ALLANIMALS, Inc 22 of May, 4PETS, Ltd receives an electricity bill for $600 payable in June 29 of May, 4PETS, Ltd pays the account payable to FURNITURES4ALL, Inc 29 of May: 4PETS, Ltd records the sales of the month of May that amount to $87,000. All sales have been paid in cash. 1. Record the transactions of the company on the General Journal (40 points) 2. Post the transactions on the appropriate ledger accounts (20 points) 3. Prepare an unadjusted trial balance at May 30. (20 points) Use the following accounts: Cash, Capital Stock, Land, Building, Note payable, Furniture, Inventory, installations, Accounts payable, Salaries payable, Salary expense, Electricity expense, Revenues (Sales)