The following events have occurred in a business during the period.

1. The business purchased some equipment for $40,000 cash.
2. The owner of the business invested $10,000 cash into the business.
3. The business purchased inventory on credit for $3,700 and has 30 days to pay the amount owing.
4. The business paid rent for the month and paid $1,000 cash
5. The business sold inventory to customers for $2,000 cash and the customers paid the cash as soon as the sale was made (it was a cash sale).
6. The business purchased supplies on credit for $400. The supplies are not inventory and are office supplies to be used by the business.
7. The business purchased a motor vehicle on credit for $10,000
8. The business sold inventory on credit for $1,400. The customer will have 14 days to pay the $1,400.
9. The business paid wages for the month for a total of $4,500 cash.
10. The business purchased inventory and paid $5,700 cash straight away when the business purchased the inventory.
11. The business paid the $400 owing for the supplies purchased on credit in part 6. above.
12. The business sold inventory on credit to customers for $3,000.
13. The business received $1,200 cash from a customer who had been sold inventory by the business on credit earlier in the month.
14. The business paid $300 cash for the telephone bill.
15. The owner of the business withdrew $500 cash for personal use.
16. The business paid $2,400 cash for 12 months insurance.
17. The business sold inventory on credit for $2,500. The customer will have 14 days to pay the $2,500.
18. The business purchased inventory on credit for $1,300 and has 30 days to pay the amount owing.
19. The business received $900 cash from a customer who had been sold inventory by the business on credit earlier in the month.
20. The business paid $1,000 for the purchases made on credit in part 3. above.
21. The business went to the bank and borrowed $10,000 cash. (The bank gave the business $10,000 cash which the business must pay back later).

REQUIRED: For each of the transactions above, identify which journal you would use to record the transaction. The first one has been done for you so you can see how to answer the question.

Transaction Number	Journal to use to record the transaction.
1	Cash Payments Journal
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