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Monica started a business on 1st January 2018. The following are her transactions: Jan 1st : capital $20,000 was paid into a business bank account. Jan 2nd : paid rent $500 by cheque Jan 4th : returned goods $100 to Jake Jan 7th : sold goods $1700 on credit to Clara Jan 9th : paid $3000 by cheque to Jake Jan 12th : Clara paid $1000 by cheque Jan 13th : paid office expenses in cash $20 Jan 14th : cash sales $1500 Jan 15th : cash withdrawn for personal use $500 Record the above transactions using the double entry system and bring down the balance on 1st Feb 2018.
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