Prepare a T account for the following:

Date	Transactions
2-Jan	Started business with $150,000 in cash.
2-Jan	Opened a business bank account and deposited cash of $35,000
3-Jan	Rented a shop in the Port Arcade paying by cash, $16,000.
10-Jan	Purchased the following T-Shirts on credit: Invoice number TLAB101
	5 White coloured for $300 per shirt
	5 Army Green coloured for $400 per shirt
	5 Navy Blue coloured for $400 per shirt.
	5 Burgundy coloured for $400 per shirt.
	5 Black coloured for $300 per shirt.
	5 Royal Blue coloured for $400 per shirt.
13-Jan	All the shirts bought on January 10, 2021 were taken to 'Hot Off The Press' to have the word EXTREME printed on the front of each T-shirt. The printing cost was paid in cash, $1,200 per shirt.
15-Jan	Paid Tees Limited a cheque for the T-shirts bought on January 10, 2021. Tees Limited offered 2.5% settlement discount if payment is made within 7 days of having received the goods.
18-Jan	Purchased a Cash Register for $14,500 cash.
21-Jan	Sold three (3) White T-shirts $3,000, each. A cheque was received for the sales.
22-Jan	Sold the following T-shirts on credit to The Tivoli Garden High School Dance Society: Invoice number IAM01
	1 White - $3,000 per shirt
	1 Black - $3,000 per shirt
	2 Navy Blue - $4,000 per shirt
	3 Army Green - $4,000 per shirt
	1 Royal Blue - $4,000 per shirt
28-Jan	Sold 5 Burgundy T-shirts for cash. Each was sold for $4,000 per shirt.
29-Jan	We received a cheque from the Tivoli Garden High School for the purchase made on January 22, 2021. We allowed them a discount of 1.5% for having made within 10 days.
30-Jan	Sold on 3 Black T-shirts on credit for $3,000 each to Marlene Palmer Variety Store. Invoice number IAM02
31-Jan	Marlene Palmer returned one the T-shirts sold to her due to spelling error. Note Number CR003