Jo decides to start a business buying and selling trees. Jo puts $10,000 savings into a bank account and then withdraws $5,000 in cash. With the cash, Jo buys a van for $2,500 and a computer system for $500. Jo fills up the van with $100 worth of petrol, and the insurance costs $100 for the month, for the month Jo makes an electronic payment from the bank to the insurance company. Then Jo goes to Georgie, the tree supplier and buys four trees for $100 cash each. Jo then rents shop for $500 for the month from the council and makes an electronic payment). Jo is now ready to open up the shop..On the first day the trees are very popular, and Jo sells all four of them for $300 each, cash and has to shut the shop early to get some more trees. The tree seller sells Jo six more, but charges $120 each, cash. On the second day (Saturday) Jo sells another four trees for $300 each for cash. Jo pays $1500 into the bank and takes $200 cash out of the business to celebrate and takes his friends out for a meal.

You are required to:

1 Identify all the transactions

2 Classify all the transactions

3 Record all the transactions

4 Summarize all the transactions and draw up a trial balance