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Sam and Emma's Free Range Eggs Pty Ltd is a new business providing free-range eggs to supermarkets. Below is a list of transactions that occurred

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Sam and Emma's Free Range Eggs Pty Ltd is a new business providing free-range eggs to supermarkets. Below is a list of transactions that occurred during their first month of operation. You need to enter them into the General Journal with narrations. Sam and Emma's Free Range Eggs Pty Ltd July Sam and Emma both contributed $50,000 in cash to start the business ($100,000 in 1 total) July Invoice received for monthly rent of $3,000 3 July Paid contents insurance for the year of $15,000 6 July Received $300 in cash for 50 dozen eggs to be delivered on the 20th July. The eggs 10 cost $225. July Paid part-time sales assistant's fortnightly salary $1,000 July Purchased inventory from Chris' Free Range Egg Suppliers for $2,500, terms 2/7. 16n/30. July Sold inventory on account for $550, terms 2/7,n/30. 19 The cost of the inventory sold was $450 using the perpetual inventory system. July The $30050 dozen egg order paid for on July 10 was delivered today. 21 July Paid Chris' Free Range Egg Suppliers the amount owing from July 16 25 July Received amounts owing from customers invoiced on July 19 for $550. 27 July Sam withdrew $1,200 from the business

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