Please solve this question step by step and make it clear to understand. Please send clear picture. Thanks! Example TransactionRecord transaction and prepare T account for cash1. On November 1, Chris Clark opens a new business anddeposits $25,000 in a bank account in the name ofPMNetSolutions.2. On November 5, NetSolutions paid $20,000 for thepurchase of land as a future building site.3. On November 10, NetSolutions purchased supplies onaccount for $1,350.4. On November 18, NetSolutions received cash of $7,500from customers for services provided.5. On November 30, NetSolutions incurred the followingexpenses: wages, $2,125; rent, $800; utilities, $450; andmiscellaneous, $275.6. On November 30, NetSolutions paid creditors onaccount, $950.7. NetSolutions purchased $1,350 of supplies on November10. Chris Clark determined that the cost of supplies onhand on November 30 was $550.8. On November 30, Chris Clark withdrew $2,000 fromNetSolutions for personal use.9. On December 1, NetSolutions paid a premium of $2,400for an insurance policy for liability, theft, and fire. Thepolicy covers a one-year period.10. On December 4, NetSolutions purchased officeequipment on account from Executive Supply Co. for$1,800.11. On December 6, NetSolutions paid $180 for anewspaper advertisement.12. On December 11, NetSolutions paid creditors $400.13. On December 13, NetSolutions paid a receptionist and apart-time assistant $950 for two weeks' wages.14. On December 16, NetSolutions received $3,100 fromfees earned for the first half of December.15. Fees earned on account totaled $1,750 for the first halfof December.16. On December 20, NetSolutions paid $900 to ExecutiveSupply Co. on the $1,800 debt owed from the December4 transaction.17. On December 21, NetSolutions received $650 fromcustomers in payment of their accounts.18. On December 23, NetSolutions paid $1,450 forsupplies.19. On December 27, NetSolutions paid the receptionist andthe part-time assistant $1,200 for two weeks' wages.20. On December 31, NetSolutions paid its $310 telephonebill for the month.21. On December 31, NetSolutions paid its $225 electricbill for the month.22. On December 31, NetSolutions received $2,870 fromfees earned for the second half of December.23. On December 31, fees earned on account totaled $1,120for the second half of December.24. On December 31, Chris Clark withdrew $2,000 forpersonal use. Chapter 5: Analyzing TransactionsExercisesChapter 5: Analyzing TransactionsExercisesInstructions1. Journalize2. Prepare T account3. Prepare an unadjusted trail balanceJOURNALIZEDateDescriptionPost. Ref.DebltCreditCash25,000Nov.1Chris Clark, Capital25,000Print Layout iewSec1 Pages:3 of 6Words: 383 of 669

Journal- It is a book of primary entry in which transactions are recorded in chronological order.…

1. On November 1, Chris Clark opens a new business and deposits $25,000 in a bank account in the name of NetSolutions. 2. On November 5, NetSolutions paid $20,000 for the purchase of land as a future building site. 3. On November 10, NetSolutions purchased supplies on