I need the answer for two questions.

Question One: Read the following transactions related to Sarah Design Ltd company: (100 Points) Sarah Design Ltd was founded in Dec 2019. Sarah Design provides unique and modern designing services to customers. During month of December 2019, the following transactions took place: 1-Dec Shareholders invested $500,000 cash in the business in exchange for shares. 6 Purchased a land costing $120,000 and Building for $60,000 on account. 15 Purchased equipment costing $5,800 cash. 16 Received $5,500 cash from customer for services not performed yet. Performed services and billed customer for services performed $3,200. Received half of the amount in cash from the billed customers on December 18th Paid $42,000 cash for the purchase on account on December 6th, Declared and paid cash dividends to shareholders for $1,000. 18 20 26 Date 29 Dec-01 30 Answer the following: 1- Prepare journal entries and post them to the related T-Accounts. (54 points) Note: Use the provided table below Account Titles Dec-06 Dec-15 Dec-16 Dr. Dec-18 Dr. Dec-20 Dr. Assessment Document-2021-2022 Dec-26 Dec-29 Dec-30 Paid interest of the month, $250. 2- Post into the related T-Accounts. (20.5 points) Note: Use the provided T-Accounts Cr. Cr. Cr. Dr. Cr. I Dr. Dr. Dr. Dr. Cr. Cr. Cr. Cr. Dr. Dr. Dr. Debit Cr. Cr. Cr. Credit Page 2 of 4