The following transactions relate to Alpha Ltd for the month of January 2023.

Jan 1 - Alpha Ltd started business with a cash investment of $1,500,000.
Jan 5 - Purchased goods on credit from Beta Ltd for $600,000.
Jan 10 - Sold goods for cash for $750,000.
Jan 15 - Paid salaries for the month of January of $200,000.
Jan 20 - Paid Beta Ltd for goods purchased on Jan 5.
Jan 25 - Received payment from a customer for goods sold on Jan 10.
Jan 31 - Paid rent for the month of January of $100,000.

Prepare the journal entries for the transactions and post them to the ledger accounts.

Answer rating: 100% (QA)

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