Below is a list of cash flow movements through Smart Paints Ltd, a newly formed retail company, current account for July 2021. The company sells specialized paints through its only shop: Date Transaction Amount () 1st July Received cash from owners for shares 50,000 3rd July Finalized rental agreement for shop paying 3 months' rent in advance (4,500) 7th July Received bank loan from HSBC 50,000 12th July Purchase point of sale equipment for cash will depreciate over 5 years (5,000) 20th July Purchased specialized paint inventory (30,000) 24th July Paid for shop opening event (750) 25th July 31st July Sold specialized paints for cash that had originally cost 15,000 30,000 31st July Paid interest on bank loan (500) 31st July Transferred cash to an easy access deposit (30,000) account which has no notice period to access funds and a 2% interest rate per annum. 31st July Paid staff salaries 31st July Paid interim dividend (8,000) (1,000)