On 1 July 2022, M Biel commenced business with bank $1000 and earthmoving equipment $36 000. On

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On 1 July 2022, M Biel commenced business with bank $1000 and earthmoving equipment $36 000.

On 1 August 2022 M Biel contributed further funds $10 000, GST receivable $5000 and a grader $50 000.

On 1 September the business obtained a $25 000 loan from the bank.

Enter the above transactions in the general journal of M Biel.

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