Note: All the 3 answers should be computerized

BUS 103: Principles of Financial Accounting 0-1 Transactions for Ali for the month of September, 2016 are presented below 1. Ali invested $350,000 to start his business. 2. Purchased land costing $5,000 for cash 3. Purchased equipment costing $12,000 for $3,000 cash and the remainder on credit. 4. Paid S1,000 cash for insurance 5. Paid S 5,000 cash for rent. Required: 1. Prepare Journal entries to record the above transactions 2 Post to the appropriate ledger accounts 3. Prepare the trial balance