You have the following information for Mr Vuong’s store

for fiscal year 20X0:

January:
1st Invest 15.000 in cash to open up the store, also
sign a 3-months rental contract for the store (@500 per
month and pay full in advance)
3rd Purchase goods at cost of 3.000 by cash
5th Purchase vending machine at cost of 5.000 on
credit (Depreciation is estimated @$50 per month)
6th Sell goods @3.500 and receive cash (the mount of
good originally costs 2.500)
11th Pay for the vending machine by cash (@5.000)
17th Invest more 5.000 in cash to the business
20th Deposit 8.000 cash to open-up a bank account
26th Purchase goods at cost of 10.000 on credit
31st Sell goods (which originally cost 7.000) @9.000
on credit.
February:
1st Hire a sale assistant @700 per month, salary is
paid at the end of each month. Also, purchase an
insurance contract for the vending machine (@50 per
month, the length of the contract is 12 months and cash
pay full in advance).
2nd Invest more 3,000 cash into the business.
5th Purchase goods at cost of 5.000 on credit.
12th Make a payment of 7.000 cash to supplier of
goods.
18th Sell goods (which originally cost 5.000) @3.000
in cash (due to an impairment of the quality of sold
goods).
20th Borrow 1.000 cash from bank.
25th Sell goods (which originally cost 2.000) @3.000
and 50% of this is received in cash (the rest is on credit).
28th Pay salary (@50 cash) for sale assistant.

Requirement:

1. Record the transactions in January and prepare Trial Balance for the month
2. Record the transactions in February and prepare Trial Balance for the month.