Taylor Bieber opened a music equipment hire business in March 2016. The following transactions occurred during the first month of the business (ignore GST).
MARCH
1st T. Bieber invested $35,000 cash in the business.
2nd Purchased musical equipment costing $18,000 with $3,000 cash and a $15,000 loan.
5th Purchased supplies costing $350 on credit.
15th Recorded revenue of $13,530 in cash and $7,000 on credit.
18th Paid for supplies purchased on 5 March.
21st Received payment from customers on account of $4,000.
31st Recorded revenue of $13,300 in cash and $6,000 on credit.
Required:
Journalise the above transactions (narrations are not required).
