Instructions1. Journalize entries for transactions (a) through (i) using the following accounts: Cash;Supplies; Accounts Payable; Capital Stock; Dividends; Sales Commissions Earned; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense. Show the effects of each transaction on the financial statements using the margin notation illustrated in this chapter.2. Post the journal entries to T accounts placing the appropriate letter to the left of each amount to identify the transactions. Determine the account balances after all posting is complete.3. Prepare a trial balance as of January 31 2006.4. Determine the following:a. Amount of total revenue recorded in the ledger.b. Amount of total expenses recorded in the ledger.c. Assuming that no adjustments are necessary what is the amount of net income for January?