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In: AccountingOn January 1, 2019, Sharon Matthews established Tri-City Realty,which completed the following transactions during the...On January 1, 2019, Sharon Matthews established Tri-City Realty,which completed the following transactions during the month:Jan.1Sharon Matthews transferred cash from a personal bank accountto an account to be used for the business, $31,500.2Paid rent on office and equipment for the month, $2,750.3Purchased supplies on account, $2,350.4Paid creditor on account, $800.5Earned fees, receiving cash, $16,160.6Paid automobile expenses (including rental charge) for month,$1,640, and miscellaneous expenses, $450.7Paid office salaries, $2,400.8Determined that the cost of supplies used was $1,150.9Withdrew cash for personal use, $2,000.Required:1.Journalize entries for transactions Jan. 1 through 9. Refer tothe Chart of Accounts for exact wording of account titles.2.Post the journal entries to the T accounts, selecting theappropriate date to the left of each amount to identify thetransactions. Determine the account balances, after all posting iscomplete. Accounts containing only a single entry do not need abalance.3.Prepare an unadjusted trial balance as of January 31,2019.4.Determine the following:a. Amount of total revenue recorded in the ledger.b. Amount of total expenses recorded in the ledger.c. Amount of net income for January.5.Determine the increase or decrease in owner’s equity forJanuary.