The following information relates to the business of Busby Car Rental for the month of October 2020:

1 October	Busby contributed $300,000 to the business
6 October	The business purchased land for $200,000. A cash payment of $110,000 was made and a bank loan with the ABC Bank was arranged for the balance owing.
7 October	Purchased 10 new cars at $30,000 each from Auto Centre. Busby paid 40% of the total cost and the remainder was payable in 30 days.
15 October	Paid $6,000 in advance for 6-months rent between November 2020 to April 2021. Busby uses the ASSET approach to record this transaction.
20 October	Paid wages of $5,000.
23 October	Received $7,000 from customers for amounts owed from the previous month.
25 October	Car rental fees of $8,000 were received in cash and an additional $5,000 was owing by clients.
27 October	Busby withdrew $5,000 cash from the business for personal use.
30 October	Paid the remaining cash owed to Auto Centre.

Required:

Prepare general journal entries for the business for the month of October 2020. Narrations are NOT required.

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