Question: Note: Write the answers in detail please for both questions Question 5 Write Journal entries for the following transactions (in a proper format): (3 Marks)

Note: Write the answers in detail please for both questions Question

Note: Write the answers in detail please for both questions

Question 5 Write Journal entries for the following transactions (in a proper format): (3 Marks) a) On April 1st, Nikle Company paid rent $4,500. b) On April 9th, Nikle Company purchased supplies worth $2,700 on account. c) On April 17th Nikle Company purchased a building and a plot of land for $750,000. The building was valued at $500,000 while the land carried a value of $250,000. Nikle paid $300,000 down in cash and signed a notes payable for the balance. Question 6 The accounts in the ledger of Monroe Entertainment are listed in alphabetical order. All accounts have normal balances. (3 Marks) Prepare a trial balance in proper format with all details

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