journalize these transactions and post to the accounts key the journal entries by le 654860

On 1 July 2007, Johnny opens Johnny’s Research Service. He will be the owner of the proprietorship. During the entity’s month of operations, the business completes these transactions :

1. To begin operations, Johnny deposited RM45,000 of personal funds in a bank account entitled “Johnny’s Research Service”. The business receives the cash and gives Johnny capital (owner’s equity).
2. He pays RM30,000 cash for a small building to be used as an office for the business.
3. He purchases office supplies for RM500 on account.
4. He pays cash of RM6,000 for office furniture.
5. He pays RM200 on the account payable he created in transaction (c).
6. He withdraws RM1,000 cash for personal use.

Instructions:

1. Journalize these transactions and post to the accounts. Key the journal entries by letter.
2. Show all the accounts(column type) after posting.
3. Prepare the trial balance as at July 31,2007.