Question text1 marksThe following transactions relates to a new business Steve Leung Studio who specialize in interior designs for commercial and domestic dwellings. The owner Steve Leung has provided the following informationOpening balances at 1 FebruaryBank $20,000Equipment $40,000Capital $60,000 2022February1 Steve acquires Premises for $4,000,000 by paying a $40,000 deposit. The balance is to be paid within 90 days.3 Steve purchases decorating supplies from Vogue Ltd for $20,000 payable in 14 days.15 Steve completes a design consultation for Bond Corporation. Fees of $100,000 to be received within 7 days.17 Steve withdraws $2,400 for his private expenses.23 Steve pays $12,000 to Vogue Ltd as part payment of the amount owing.28 Steve pays first month's wages of $30,000.28 Steve receives cash of $74,000 from Bond Corporation as part payment of the amount owing.Required:Complete the following ledgers for the month ended 28 February 2022Do not use “$ symbol”, “, comma” or “.00 decimal places”Your AnswersGeneral Ledger as follows:Bank[table] Date | Details | Dr | Date | Details | Cr 1 Feb | Answer 1 Question 13 SuppliesBankPremisesEquipmentA/c ReceivableFees RevenueA/c PayableWagesBalanceDrawingsno entry | Answer 2 Question 13 | 1 Feb | Answer 3 Question 13 DrawingsBankno entryFees RevenueA/c PayableWagesEquipmentA/c ReceivableSuppliesBalancePremises | Answer 4 Question 13 28 Feb | Answer 5 Question 13 A/c ReceivableEquipmentBalanceDrawingsA/c PayableBankPremisesFees RevenueWagesSuppliesno entry | Answer 6 Question 13 | 17 Feb | Answer 7 Question 13 BankSuppliesPremisesFees RevenueDrawingsBalanceA/c PayableEquipmentWagesA/c Receivableno entry | Answer 8 Question 13 | | | 23 Feb | Answer 9 Question 13 PremisesFees RevenueSuppliesEquipmentBalanceDrawingsA/c PayableBankA/c Receivableno entryWages | Answer 10 Question 13 | | | 28 Feb | Answer 11 Question 13 DrawingsWagesA/c ReceivableFees RevenueSuppliesBankEquipmentno entryBalancePremisesA/c Payable | Answer 12 Question 13 | | | | Answer 13 Question 13 BankPremisesDrawingsWagesA/c ReceivableFees RevenueEquipmentno entrySuppliesA/c PayableBalance | Answer 14 Question 13 | | Answer 15 Question 13 | | | Answer 16 Question 13 1 March | Answer 17 Question 13 WagesDrawingsFees RevenueBalanceA/c Receivableno entryA/c PayableBankPremisesEquipmentSupplies | Answer 18 Question 13 | | | [/table]Supplies[table] Date | Details | Dr | Date | Details | Cr 3 Feb | Answer 19 Question 13 BankWagesA/c ReceivableA/c PayableBalanceSuppliesFees Revenueno entryPremisesDrawingsEquipment | Answer 20 Question 13 | .. | .. | .. | | | .. | . | .. [/table]Accounts Receivable[table] Date | Details | Dr | Date | Details | Cr 15 Feb | Answer 21 Question 13 no entryFees RevenueBankSuppliesDrawingsA/c PayableBalanceEquipmentWagesPremisesA/c Receivable | Answer 22 Question 13 | 1 Feb | Answer 23 Question 13 BankEquipmentno entryFees RevenuePremisesA/c ReceivableA/c PayableBalanceDrawingsWagesSupplies | Answer 24 Question 13 | | | 28 Feb | Answer 25 Question 13 SuppliesWagesDrawingsPremisesno entryFees RevenueBankA/c PayableA/c ReceivableBalanceEquipment | Answer 26 Question 13 | | Answer 27 Question 13 | | | Answer 28 Question 13 1 March | Answer 29 Question 13 WagesSuppliesA/c PayableA/c ReceivableEquipmentBankBalancePremisesFees Revenueno entryDrawings | Answer 30 Question 13 | | | [/table]Equipment[table] Date | Details | Dr | Date | Details | Cr 1 Feb | Answer 31 Question 13 SuppliesBankFees RevenueWagesBalanceDrawingsA/c PayableA/c Receivableno entryPremisesEquipment | Answer 32 Question 13 | | | | | | | | [/table]Premises[table] Date | Details | Dr | Date | Details | Cr 1 Feb | Answer 33 Question 13 WagesBankEquipmentno entryDrawingsA/c PayableFees RevenuePremisesA/c ReceivableSuppliesBalance | Answer 34 Question 13 | 28 Feb | Answer 35 Question 13 BankSuppliesA/c PayableFees RevenueBalanceno entryPremisesEquipmentWagesDrawingsA/c Receivable | Answer 36 Question 13 28 Feb | Answer 37 Question 13 SuppliesDrawingsEquipmentA/c ReceivableBankA/c PayableWagesPremisesno entryFees RevenueBalance | Answer 38 Question 13 | | | | | Answer 39 Question 13 | | | Answer 40 Question 13 1 March | Answer 41 Question 13 A/c ReceivablePremisesDrawingsSuppliesBalanceFees Revenueno entryWagesEquipmentA/c PayableBank | Answer 42 Question 13 | | | [/table]Accounts Payable[table] Date | Details | Dr | Date | Details | Cr 23 Feb | Answer 43 Question 13 Fees RevenueA/c Payableno entryWagesPremisesBalanceEquipmentDrawingsBankA/c ReceivableSupplies | Answer 44 Question 13 | 1 Feb | Answer 45 Question 13 EquipmentA/c ReceivableDrawingsno entryWagesBalancePremisesFees RevenueSuppliesA/c PayableBank | Answer 46 Question 13 28 Feb | Answer 47 Question 13 DrawingsFees RevenuePremisesSuppliesEquipmentA/c ReceivableBalanceno entryA/c PayableBankWages | Answer 48 Question 13 | 17 Feb | Answer 49 Question 13 DrawingsBalancePremisesBankFees RevenueA/c Payableno entryA/c ReceivableWagesSuppliesEquipment | Answer 50 Question 13 | | Answer 51 Question 13 | | | Answer 52 Question 13 | | | 1 March | Answer 53 Question 13 Balanceno entryDrawingsBankA/c ReceivableWagesPremisesEquipmentFees RevenueA/c PayableSupplies | Answer 54 Question 13 [/table]Capital[table] Date | Details | Dr | Date | Details | Cr | | | 1 Feb | Answer 55 Question 13 A/c PayableEquipmentno entryDrawingsSuppliesPremisesBalanceBankFees RevenueA/c ReceivableWages | Answer 56 Question 13 | | | | | | | | | | | | | | | [/table]Drawings[table] Date | Details | Dr | Date | Details | Cr 17 Feb | Answer 57 Question 13 Fees RevenueBankDrawingsA/c ReceivableSuppliesEquipmentBalanceA/c PayablePremisesWagesno entry | Answer 58 Question 13 | | | | | | | [/table]Fees Revenue[table] Date | Details | Dr | Date | Details | Cr | | | 15 Feb | Answer 59 Question 13 no entryDrawingsSuppliesA/c PayablePremisesBalanceEquipmentFees RevenueBankA/c ReceivableWages | Answer 60 Question 13 | | | | | [/table]Wages[table] Date | Details | Dr | Date | Details | Cr 28 Feb | Answer 61 Question 13 A/c ReceivableDrawingsFees RevenuePremisesno entryBalanceA/c PayableSuppliesEquipmentBankWages | Answer 62 Question 13 | | | | | | | | [/table]