Trafalgar Estate Agency started operations on January 01, 2020. The following transactions occurred in the first month of operations: January 01 Owner of the business Mr. Miller invested $30,000 cash in the business.

January 03 Purchased office supplies worth $1,500 on credit.

January 06 Purchased office equipment for $7,500; paying $2,500 in cash and signed a 30-day, $5,000 note payable.

January 12 Real estate commission billed to clients amount to $12,000.

January 20 Paid cash on account for office supplies purchased on January 03.

January 27 Received a check for $4,000 from a client in payment on account for commissions billed on January 12.

January 30 Received a telephone bill for $120 due next month.

Requirements:

Enter these transactions in General Journal of Trafalgar Estate Agency.
Post these transactions to appropriate ledger accounts.
Prepare a trial balance for the month of January 31, 2020.