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.

Sri lanka is one of the major tea producing nations in the world. a substantial portion of the country's annual tea production gets exported to various countries, including the united arab emirates, russia, and other countries in the middle east. given the success in these countries, sri lanka decided to foray into the asian market. research evidence indicated that people in myanmar are major consumers of tea and that there is a high demand for tea in that country. this convinced industry experts in sri lanka that exporting to myanmar was a good idea. even though sri lankan tea was priced competitively, sales in myanmar turned out to be far lower than expected. which of the following, if true, could explain this outcome? a. myanmar exported a substantial amount of its annual tea production that year. b. the tea exported from sri lanka is of the highest quality. c. the myanmar government hiked the minimum wage for labor. d. people in myanmar are willing to pay more for their domestic tea brands than for foreign brands. e. sri lankan tea exports to other asian countries like india and china have also not been very successful.