On 1 July 2015 Nicole Andreou opened a beauty parlour. The following transactions occurred during the first month of operations (ignore GST):

	July	2 2 3 4 6 16 20 23		Andreou invested $120000 in the business by depositing cash into a business cheque account with the Eastpac Bank. Paid $1800 for the first month’s rent. Purchased equipment by an online bank transfer for $32 000 and signing a commercial loan agreement for $38 000. Purchased supplies for $8400. Paid advertising expense of $890. Recorded beauty services revenue for the first half of the month of $3250 in cash and $620 on credit. Paid insurance expense for July of $480 using an online bank transfer. Received a $140 payment from customers who paid on credit in the first half of the month.
		28 31 31		Andreou withdrew $560 cash for personal living expenses. Recorded revenue for the second half of the month of $3680 in cash and $580 on credit. Paid telephone account of $330 by electronic transfer.

Use the following account titles and numbers: Cash at Bank, 100; Accounts Receivable, 101; Supplies, 102; Equipment, 103; Loan Payable, 200; Nicole Andreou, Capital, 300; Nicole Andreou, Drawings, 301; Revenue, 400; Rent Expense, 500; Advertising Expense, 501; Insurance Expense, 502; Telephone Expense, 503.

Required

A. Prepare the general journal entries to record the transactions.

B. Post the entries from the general journal to the general ledger accounts (running balance format) and enter the posting references in the general journal.

C. Prepare a trial balance as at 31 July 2015.