Alfie Lockyer decides to start up a business as a sole trader on 1 July 2020. Alfies Rugby League Memorabilia and Framing Services will sell a range of different memorabilia items including framed jerseys, signed footballs and signed photos of famous rugby league players both online and from a retail shop in Caloundra, Queensland. The business will also provide professional framing services for customers from its retail shop.

1 July 2020 Alfie Lockyer invests $50,000 cash to start the business. 1 July 2020 Borrowed $10,000 cash from the Southpac Bank at an interest rate of 5% per annum payable in arrears on 31 December and 30 June each year. 1 July 2020 Paid $12,000 cash for 12 months rent on the shop till 30 June 2021. 1 July 2020 Sunny Coast Shopfitters completed the fixtures and fittings for the shop at a total cost of $19,880 which is due to be paid by the end of July. 1 July 2020 Purchased office equipment for $5,000 cash and office supplies for $350 cash. 2 July 2020 Purchases framing supplies for $590 cash. 2 July 2020 Purchased the following memorabilia items for cash: Framed Brisbane Broncos jersey signed by all members of the 1992 premiership winning team: Cost = $1,100 (Item BB1992); Signed Billy Slater football boots: Cost = $575 (Item BS2004); Football signed by all members of the 2010 Queensland State of Origin team: Cost = $1,530 (Item QLD2010); Signed photo of 2010 NSW State of Origin team: Cost = $195 (Item NSW2010); Signed photo of 1957 Australian Kangaroos team that won the Rugby League World Cup: Cost = $855 (Item WC1957). 2 July 2020 Incurred online advertising expenses of $3,000. Half of this amount is due to be paid by 23 July, with the remainder due on 13 August. 3 July 2020 Provided framing services for $1,350 cash. 4 July 2020 Sold item BS2004 for $940 cash. 6 July 2020 Sold item WC1957 for $1,560 to a customer on credit. Amount is due in 14 days. 7 July 2020 Paid $250 wages in cash to casual employee. 9 July 2020 Provided framing services for $1,075 cash. 11 July 2020 Purchased framing supplies for $665 cash. 12 July 2020 Provided framing services for $742 cash. 13 July 2020 Purchased the following memorabilia items for cash: Signed and framed Jonathon Thurston poster: Cost = $475 (Item JT2017); Framed photo of North Queensland Cowboys 2015 Premiership team: Cost = $350 (Item NQ2015); Framed South Sydney jersey signed by all members of 2014 premiership winning team: Cost = $840 (Item SS2014); Signed Wally Lewis match-worn football boots: Cost = $490 (Item WL1991); NRL 2000 Grand final match ball signed by all members of Brisbane Broncos and Sydney Roosters: Cost $1,250 (Item NRL2000). 14 July 2020 Paid $300 wages in cash to casual employee. 16 July 2020 Received amount owing from customer from credit sale on 6 July. 17 July 2020 Sold Item NRL2000 for $2,090 cash. 19 July 2020 Provided framing services for $1,520 cash. 20 July 2020 Paid insurance expense of $525 for July in cash. 21 July 2020 Sold Item JT2017 to a customer on credit for $870. Amount is due within 14 days. 21 July 2020 Paid $500 wages in cash to casual employee. 22 July 2020 Paid amount owing for online advertising. 22 July 2020 Purchased framing supplies for $743 cash. 23 July 2020 Sold Item BB1992 to a customer on credit for $2,430. Amount is due within 14 days. 24 July 2020 Provided framing services for $928 cash. 25 July 2020 Paid $245 cash for phone and internet expenses for July. 25 July 2020 Sold item QLD2010 for $2,890 cash. 26 July 2020 Paid amount owing to Sunny Coast Shopfitters. 27 July 2020 Sold item NSW2010 for $200 cash. 28 July 2020 Paid $450 wages in cash to casual employee. 29 July 2020 Sold item WL1991 for $925 to a customer on credit. Amount is due in 14 days. 29 July 2020 Provided framing services for $2,890 on credit. Amount is due to be paid within 14 days. 30 July 2020 Purchased framing supplies for $1,148 cash. 30 July 2020 Received amount owing from customer for credit sale on 21 July. 31 July 2020 Alfie Lockyer withdrew $5,000 cash from the business. 31 July 2020 Received $850 electricity bill for the month of July. Amount is due to be paid in 7 days time.

Just want to know about the balance sheet.