a. Journalise the following transactions in preparation for posting to the general ledger of Sunny Dayz, a beach wear store owned by Jon Richardson. Correct journal formatting (including narrations) is required.

b. Post the appropriate item/s to the Capital account, and foot (balance) the account.

2021

Oct 1 Jon commenced business by contributing a computer that cost him $3,000 and opening a bank account for the business using $25,000 of his own money.

Oct 3 Paid $485 for rent expense.

Oct 4 Sold Beach Umbrellas - $1,120 on credit $115 for cash.

Oct 9 Purchased $12,000 worth of office furniture with a short-term loan of $8,500 and paying the balance in cash.