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Muhammad established the Tarhal Corporation for Transportation Services in Medina on April $1,2020.$ Below are the financial operations that occurred during the month:

On $1/4,$ Muhammad invested in the institution a capital of $20,000$ riyals, which was deposited in the bank account.

On $1/4,$ the value of an advance lease contract for six months worth $3,600$ was paid

On $4/4,$ a delivery bus was purchased for $13,000$ riyals in cash

On $4/5,$ a one$-$year insurance policy worth $4,800$ riyals was paid

On $4/8,$ a loan was made from Alawwal Bank amounting to $20,000$ riyals

On $10/4,$ receptionists were hired with a salary of $1000$ riyals per month

On $4/15,$ an advance payment was received from a customer to provide transportation services starting on May $1,$ with a value of $4,500$ riyals.

On $4/18,$ office supplies worth $1,200$ riyals were purchased in cash

On $4/20,$ invoices were issued to customers for the services provided, amounting to $16,100$ riyals

On $4/22,$ the cost of advertising and wall advertisements amounting to $1,300$ riyals was paid

On $4/25,$ Muhammad paid the traffic violation fees for his private car, which amounted to $1,000$ riyals

Additional information:

$1-$ The consumption expense for the delivery bus for the month of April is $217$ riyals

$2-$ The rent contract that was paid starts from $4/1/2020$ to $9/3/2020$

$3-$ The office supplies account available on April $30$ shows a value of $500$ riyals

$4-$ Employee salaries for the month of April will be paid next month at a value of $2,000$ riyals

$5-$ The company received the water and electricity bills for the month of April, which must be paid next month, with a value of $750$ riyals.

Required:

Recording financial transactions in the journal for the month of April

$2-$ Posting the daily entries to the general ledger and preparing the trial balance

$3-$ Preparing all necessary reconciliation entries, posting the entries to the general ledger, and preparing the trial balance after reconciliation.

$4-$ Preparing financial statements

$5-$ Preparing the closing entries and the trial balance after closing

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