The following eight transactions relate to Mums Pie Shop for the month of May 2021.

1. Martha, owner of Mums Pie Shop deposited $20,000 of cash to start the business.

2. Paid in cash rent of $3,450 to Figtree Realty.

3. Purchased $5,000 worth of counters and shelving from Wollongong Shopfitters. Invoice due in 30 days.

4. Purchased a motor vehicle for the business, signing a 1-year loan for 23,000.

5. Paid $1,500 to Bayview Insurance Brokers for a 1-year business insurance policy commencing 21 June (cheque no.3).

6. Received $7,000 of cash revenue and an additional $8,000 was earned through credit customers.

7. Paid off balance owing for counters and shelving equipment purchased in transaction 3.

8. Banked $2,520 cash and cheques from deliveries since the shop opened.

Required:

Prepare the general journal entries to record the above transactions. Narrations are not required. (16 marks)