Journalise the July transactions.

1/07/2022 You invested $60,000 cash to commence the business

3/07/2022 The business purchased a 12-month insurance policy for the business from

CN Insurance for $7,200 for the period 1 Jul 2022 to 31 Aug 2023. The

due date for payment of this invoice is 30 days from the date the invoice was

issued.

4/07/2022 The business negotiated to borrow $50,000 from TCB Bank Ltd for

two years. The loan was due to be repaid by Jul 2024.

08/07/2022 The business purchased new gardening equipment for $9,500 on credit from

All Green Gardening Centre. The reference number is 561. The invoice is due

to be paid by the 22nd Jul 2022.

11/07/2022 Provided gardening services to a new client Tom and invoiced him $4,200. This invoice is due to be paid by the 25th Jul 2022.

12/07/2022 Purchased and paid $2,720 for gardening supplies from Quality Garden

Suppliers to be used for garden maintenance.

15/07/2022 Designed a new garden for Seabreeze Properties office premises in Dee Why

and invoiced the client $11,400. This invoice is due to be paid by the 29th Jul 2022.

16/07/2022 Received and paid an invoice for $1540 from The Mower Medic for repairs to

the ride-on lawn mower.

18/07/2022 Provided lawn mowing services to Saddleridge Horse Stables and invoiced the

client $8,400. This invoice is due to be paid by the 28th Jul 2022

20/07/2022 To paid its outstanding invoice issued on the 11th Jul 2022 in full.

21/07/2022 Paid All Green Gardening Centre for the new gardening equipment purchased

on the 8th Jul 2022.

24/07/2022 Completed a gardening services project for Terry Hillside Public School

including lawn care, tree trimming and weeding services. The client was invoiced $6,800 for the total cost of the gardening services project. This invoice is due to be paid by the 24 th Aug 2022 as the client was given extended credit terms.

25/07/2022 Received $11,400 from Seabreeze Properties. The client paid the invoice issued on the 15 th Jul 2022 in full.

25/07/2022 Received and paid an invoice for $820 from AdMasters Pty Ltd for advertising

the business for the month of Jul 2022.

27/07/2022 Completed the design of a new outdoor garden for Ivy Robinson at her home

in Avalon and invoiced the client $7,600. This invoice is due to be paid by the 8 th Aug 2022.

28/07/2022 Green Thumb Gardening Services signed a contract to provide garden

maintenance to a new client Celebrations Function Centre for the next three months, commencing on the 1st Aug 2022. The business received $6,000 in advance from the client for the gardening services.

31/07/2022 On the 31st Jul 2022, only $840 worth of gardening supplies purchased on the

12th Jul remained on hand.

31/07/2022 Interest expense on the bank loan is accrued at $1500 per month. The interest

is paid to the bank quarterly and the first interest payment is due on the 1st Oct 2022.

31/07/2022 Depreciation on the Gardening Equipment is $4,800 per year. All assets are depreciated for a full month regardless of the date acquired.

31/07/2022 Record the insurance expense expired for the month of Jul 2022.

31/05/2023 Wages of $2,040 are owed to casual employees as at 31 Jul 2022 and will be

paid on the 6th Aug 2022.