Question 1 (10 points) Question 1 The following transactions occurred during the month of tune in the business Hobart Emporium, which is owned by sole trader Chris Matthews. Purchased inventory for cash, $2,354. 1 5 Chris took home an item of inventory which had cost the business $220. 7 Paid the electricity bill of $660. 9 14 Sold inventory for cash for $3,014 and on credit for $4,070. The inventory cost Chris $5,298. Paid the staff wages, $1,460. 17 21 Paid the telephone bill, $330. 24 27 Paid for some advertising in the local newspaper of $330. 30 Sold goods for cash of $2,024. The goods had cost the business $1,200. Chris took cash from the business bank account to pay for some personal expenses, $440. The monthly interest charge on the business' bank loan was $273 REQUIRED Prepare general journal entries to record the transactions. The business is registered for GST, so you must take GST into account where appropriate. Use the template provided. Total Question 1-10 marks