Question $1[30$ Marks$]$ Xolile Trading, a newly established retail business specialising in office supplies, began operations in January $2023$ with a focus on providing quality products to businesses and individuals. Ms$.$ Xolile Ndlovu, the owner, has requested assistance in setting up a basic accounting system to ensure efficient tracking of financial activities. Below is a detailed account of Xolile Trading's transactions for January, laying the groundwork for its financial records. The business began with a solid foundation, combining financial capital and non$-$cash assets to support its operations. The initial transactions reflect the establishment of the business, its first sales, and essential operational payments. January $2023$ Transactions At the start of January, Ms$.$ Ndlovu invested R$50000$ in cash and equipment valued at R$30000$ into the business. The cash injection ensured liquidity to cover operational costs, while the equipment contributed to the tools necessary for the business$$s day$-$to$-$day operations. On $2$ January, Xolile Trading purchased office furniture valued at R$15000$ from Office Mart Ltd on credit. This furniture enhanced the workspace, aligning with the company$$s professional image. To streamline operations and enhance financial control, the business R$20000$ withdraw for the purpose of petty cash. Xolile Trading made its first sales of office supplies on $5$ January. The business sold goods worth R$5000$ on credit to Smith Ltd$,$ a valued customer, and generated R$3000$ in cash sales from other customers. On $10$ January, the business paid R$2500$ for rent and R$1500$ for utilities in cash. On $15$ January, Xolile Trading received R$3000$ in cash from Smith Ltd as a partial payment for the earlier credit sale. Required: QUESTION $1[30$ MARKS$]1.$ Using the transactions provided, show the effect $($i$.$e$.,$ amount and increase $(+)$ or decrease $(-)$ of each transaction on the accounting equation $($A$=$OE$+$L$),$ ensuring that it is in balance. $(6)2.$ Record each of the above transactions in the General Journal entries for the month of January $2025.$ Narrations are required. $(12)3.$ Post the journal entries into the following ledger accounts: $(5)$ Petty cash Equipment Capital and Rent expense. $4.$ Prepare a Trial Balance as of $31$ January $2025.(7)$