On 1 March, David Tan established David Interior Designs. During the first month of operations, his business experienced the following events:

1 Mar David Tan invested $50,000 in the business.

1 Mar Paid $18,000 for office rent for the next six months.

1. Mar Paid $5,000 to advertise the services of David Interior Designs.

2. Mar David Interior Designs officially opened for business.

10 Mar Received $10,000 cash from a client as advance payment for services to be performed next month.

28 Mar Received a bill of $200 from Singapore Powers for the month of March. The bill will be paid next month.

31 Mar Borrowed $20,000 by signing a note payable.

Analyse the above and record the necessary entries (indicate if no entry is required for the event). Narrations are not required.