Ms. I. C. Fish started a kayaking and canoeing business in Brighton on July 1, 2021. She invested $50,000 cash into the business and gave the business her used van, valued at $45,000, to make deliveries and other business activities as required. She thinks the van will last 5 years and could be sold then for $5,000. This transaction was on July 1st . Ms. Fish took out a 2 year business insurance policy which cost $12,000. She did this on July 1 as well On July 5th, Ms. Fish went to the TD Bank and secured a $50,000 loan to be used in operating the business. Loan payments are made on the first of each month, interest is calculated and paid then. July 6th, the business purchased 8 kayaks and 8 canoes for $16,000 on credit terms of 2/10 N45. The kayaks and canoes are expected to last 3 years and will be sold for 4,000. On July 7th, the business gave 10 kayaking lessons and received cash payments. Kayaking lessons are $200 each and canoe lessons are $150 each. On July 10th, the business hired an instructor to help with lessons, salary of $925 per week, starting monday. July 12th, the business provided 10 kayak lessons, with customers paying August 10th, and 20 canoe lessons with cash payments. Office supplies of $325, for use in July, were purchased from Staples on July 12th, paying cash. Bell Canada came on July 12th and connected the internet service charging $400, which will be paid in August. More lessons were given July 15th, 20 kayaking and 30 canoeing. One half of the kayaking lessons were on 30-day payment terms and the rest of the lessons were for cash. Rent for her facility is $3,500 which she paid Julys on the 15th of the month. The staff employee provided 10 kayak lessons and 5 canoe lessons, customers paid cash. These lessons were given on July 20th . A group of seniors paid a deposit on July 30th for 20 kayak lessons in August. On July 31st she paid her instructor, with cash, his salary for July. She had withdrawals of $1,250 for the month of July, recorded at the end of the month. REQUIRED :

Prepare a Chart of Accounts for the business