Question 1 On 1 July 2023, Peter Pang started an air conditioning service firm, Mr Cool. The following is the transactions that occur during the first month of operation. 01 Jul. Peter invested $30,000 cash, a $75,000 van, and a $4,500 office equipment into the firm. 01 Jul. The firm hired Nurul as part-time secretary for $300 per day, as needed and a technician for $4,500 per month. 01 Jul. The firm paid $4,500 cash for July and August rental. 01 Jul. The firm paid $900 for 6 months of insurance coverage commencing 1 July 2023. 05 Jul. The firm purchased $7,500 of supplies on account from a supplier. 15 Jul. The firm billed a customer $9,000 for repairs done. 18 Jul. The firm received $4,500 cash from the customer as partial payment toward its account. 23 Jul. The firm received $10,500 cash from another customer as advance payment for services to be performed in August. 30 Jul. The firm received a utility bill of $300. Arrangement has been made to pay the bill on 5 August via giro transfer. 31 Jul. The technician's salary of the month and the wages of Nurul who has worked for 15 days will be paid on 1 August. 31 Jul. An inventory count of supplies showed $3,000 as still available. 31 Jul. Depreciation of van and office equipment for the month are $1,250 and $75 respectively. Required: Analyse the above and record all necessary entries (including adjusting entries). Narration is not required. (30 marks)