1.Started the business with a capital of $100,000 by cash

2.Opened bank account with cash balance of $50,000

3.Purchased goods for $27,000 on credit from Orkin Pte Ltd

4.Withdrew goods for personal use for $2,900

5.Bought stationery for office use $150 by cash

6.Received discount from suppliers for a sum of $3,000 by cheque

7.Returned goods to supplier for $3,500

8.Paid salary to staff $8,000 by cheque

9.Sold goods to Goodwill Limited for $4,900 on credit

journal entries

10.Paid insurance premium of $2,100 by cheque