First transaction On 2 January 2023, Isabella issued Cheque no. 4034 to Office Supplies Warehouse for the purchase of $3,850 (includes 10% GST) worth of equipment. The GST tax code for this transaction is CAP. Transactions from early January 2023 2 Obtained a loan of $11,000 from Uncle Oswald (a family relative of Isabella Davis) at a simple interest rate of 10% per year, Cheque No. 162, ID #CR000001. The principal and interest on the loan are payable in six months time. 3 Purchased 7 units MePod multimedia players from Pear Technology at $1,001 each (includes 10% GST), Purchase #304, Supplier Inv#747. Issued Cheque No. 4035 for $2,900 to this supplier for this particular invoice at the time of the purchase