Platypus Ltd is a newly incorporated company that sells and delivers goods online. To start the business, the accounting department has decided to utilize the following account titles and numbers for recording the business transactions. Account no. Account Description 101 Cash at bank 102 Accounts receivable 110 Office supplies 120 Equipment 130 Motor vehicles 201 Accounts payable 210 Bank loan payable 301 Share capital 401 Revenue 520 Insurance expense 530 Electricity expense 540 Bank charges Listed below are the transactions which have been entered into by the company during the month ended 31 May 2022 (ignore GST). The bank has approved a loan of $150,000 and the amount has been shown in the business bank account. 1 May 1 The company issued shares to the public for $500,000 cash. 4 6 13 Purchased eight motor vehicles costing $51,000 each and equipment costing $28,000. $200,000 cash was withdrawn from the business bank account to pay for the cars and the remainder is due in 30 days. Purchased office supplies costing $5,200 on credit. Recorded revenue for the first half of the month of $25,600 received and $58,500 on credit. 19 Paid for the office supplies purchased on 6 May by transfer from the business bank account. 20 Paid insurance expense for May of $5,500 by transfer from the business bank account. 25 Received cash transfers of $20,500 from customers who had purchased during the first half of the month on credit. The amount was matched to the amount received in the business bank account. 28 Purchased office supplies costing $13,500 on credit. 29 Recorded revenue for the second half of the month of $33,800 received and $38,900 on credit. 31 Recorded electricity expense of $1,560 paid to AGL from the business bank account.