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1. 4. The following eight transactions relate to Mum's Pie Shop for the month of May 2021. Martha, owner of Mum's Pie Shop deposited $20,000

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1. 4. The following eight transactions relate to Mum's Pie Shop for the month of May 2021. Martha, owner of Mum's Pie Shop deposited $20,000 of cash to start the business. 2. Paid in cash rent of $3,450 to Figtree Realty. 3. Purchased $5,000 worth of counters and shelving from Wollongong Shopfitters. Invoice due in 30 days. Purchased a motor vehicle for the business, signing a 1-year loan for 23,000. 5. Paid $1,500 to Bayview Insurance Brokers for a 1-year business insurance policy commencing 21 June (cheque no.3). Received $7,000 of cash revenue and an additional $8,000 was earned through credit customers. Paid off balance owing for counters and shelving equipment purchased in transaction 3. Banked $2620 cash and cheques from deliveries since the shop opened. 6. 7. 8. Required: Prepare the general journal entries to record the above transactions. Narrations are not required. (16 marks)

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