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Taylor Bieber opened a music equipment hire business in March 2016. The following transactions occurred during the rst month of the business (ignore GST). MARCH

Taylor Bieber opened a music equipment hire business in March 2016. The following transactions occurred during the rst month of the business (ignore GST).

MARCH

1st T. Bieber invested $35,000 cash in the business.

2nd Purchased musical equipment costing $18,000 with $3,000 cash and a $15,000 loan.

5th Purchased supplies costing $350 on credit.

15th Recorded revenue of $13,530 in cash and $7,000 on credit.

18th Paid for supplies purchased on 5 March.

21st Received payment from customers on account of $4,000.

31st Recorded revenue of $13,300 in cash and $6,000 on credit.

Required:

Journalise the above transactions (narrations are not required).

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