On 1 July 2018 Nicole Andreou opened a beauty parlour. The following transactions occurred during the first month of operations (ignore GST).

Use the following account titles and numbers: Cash at Bank, 100; Accounts Receivable, 101; Supplies, 102; Equipment, 103; Loan Payable, 200; Nicole Andreou, Capital, 300; Nicole Andreou, Drawings, 301; Revenue, 400; Rent Expense, 500; Advertising Expense, 501; Insurance Expense, 502; Telephone Expense, 503.

July 2 Andreou invested $120 000 in the business by depositing cash into a business cheque account with the Eastpac Bank. 2 Paid $1800 for the first month's rent. 3 Purchased equipment by an online bank transfer for $32 000 and signed a commercial loan agreement for $38 000. 4 Purchased supplies for $8400. 6 Paid advertising expense of $890. 16 Recorded beauty services revenue for the first half of the month of $3250 in cash and $620 on credit. 20 Paid insurance expense for July of $480 using an online bank transfer. 23 Received a $140 payment from customers who paid on credit in the first half of the month. 28 Andreou withdrew $560 cash for personal living expenses. 31 Recorded revenue for the second half of the month of $3680 in cash and $580 on credit. 31 Paid telephone account of $330 by electronic transfer