The following are transactions of Marks and Company for year ending 30 June 2021:

Description Proceeds received from Bank loan 50,000 Proceeds of share issue 100.000 Payment for purchase of motor vehicle 90.000 Depreciation expense 22,000 Dividends paid 10.000 Sales revenue 800,500 Loss on sale of equipment 5,000 Proceeds from sale of equipment 40.000 Commission received in cash 3,050 Dividends received from investment 4,500 Employee salaries paid 355,000 Depreciation expense 13.600 Cash paid to suppliers 291.010 Cash collected from customers 800.500 Opening cash balance, 1 July 2020 40.000