Question 1 Peter Pan operates a business trading in beds. At the 31st May his account balances were as follows: Cash at Bank $15,000, Inventory $47,000, Accounts Receivable $7,500. Office Equipment $12,500 and Accounts Payable $4,700. During the month of June the following business transactions took place. 1* Junpay accounts payable balance from May in full pays $15,000 for 6 month's rent of shop 3d JunPeter contributes additional $20,000 cash to the business 4h Jun Cash sale of mattresses $11,250 (cost price $5,000) 5 Jun bought vehicle $45,000 ($5,000 deposit, balance on loan from NAB) 6 Jun received $3,500 for accounts receivable 7" Jun purchased 20 mattresses for $8,000 (supplier's terms 5,10, n/30). 8 Jun paid vehicle service expense $375 9th Jun 10h Jun pay wages to sales assistant, $2,400 11h Jun pay NAB $500 12 Jun one faulty mattress sold on 9h June was returned 13h Jun owner takes a mattress for his mother's home 14 Jun received payment in full from customer of 9h June 15 Jun returned faulty mattress to supplier 16 Jun pay accounts payable making full use of discount terms 17h Jun Peter takes $3,000 cash for personal use 18h Jun Cash purchase of mattresses $3,000 plus $300 for delivery credit sale 5 mattresses $4,500(cost price $2,000, terms 3/10, n/30) REQUIRED: a) Record the transactions shown above in the following General Journal. Narrations are NOT required