James Wee started a solar panel cleaning service business on $1$ July $2024.$ He began operations and completed four transactions in July that resulted in the following accounts. All the accounts have normal balances.

Account Balance before Adjustments

Bank $$20,600$

Accounts receivable $1,000$

Prepaid rent $2,000$

Rental deposit $1,000$

Cleaning equipment $8,400$

Accounts payable $1,000$

James Wee, Capital $28,400$

Service Revenue $5,000$

Supplies $1,400$

Additional information for Adjustments

$($i$)$ The prepaid rent paid is for July and August.

$($ii$)$ Depreciation of the cleaning equipment for the month is $$120.$

$($iii$)$ An inventory count of the supplies on $31$ July $2024$ showed that $$750$ was still

available.

$($iv$)$ The firm received a telephone bill of $$180.$ Arrangement has been made to pay

the bill on $6$ August $2024$ via inter$-$bank transfer.

$($v$)$ The salary payable in July $2024$ is $$1,200,$ which will be paid on $5$ August $2024.$

Required:

$($a$)$ Explain the four $(4)$ most likely transactions in July $2024$ based on the account balances before adjustment.