mcm Section B: Long Question (SKI, SK2:20 marks - 1 x 20 marks B1 - Flowers Company started operations on January 1, 2020 by depositing $2.000.000 cash in the bank as capital. The following transactions took place during the first month of operations: January 3: Purchased supplies for $15,000 in cash. January 13: Purchased equipment for $170,000, paid $70,000 in cash and the remainin mount will be paid after 10 days. January 15: Paid $16.000 salaries in cash. January 16: Received a bill from Gulf News for advertising amounted to $1.100 January 17: The owner withdrew $5,000 cash for personal use. January 22: Provided services to customers for $130,000 in cash January 23: Paid $100,000 for equipment purchased on Jan 13 January 31: Paid $4,000 utilities expense in cash ary 31, 2020. (5 marks) Flowers Company on January 31, 2020. (5 marks) Required: - Prepare journal entries to record the above mal entries to record the above transactions, (5 marks) 2- Poul to the appropriate ledger accounts. (5 marks) the wal balance of Flowers Company on January 31, 2020 4. Propare the financial statements of Flowers com