Using Xero information, answer this

2. Enter the following transactions for July 2023

(Reminder:

• please enter the correct dates to record transactions. If you do not enter the correct dates, then xero system will default the dates as ones when you record the transactions;
• only use the Manual Journals function when preparing adjusting entries.)

Transactions:

1/07 The business owner invested $100,000 cash to commence the business. (From: David Sacks, Reference: 010)

1/07 Signed an agreement to rent a office for 2 years. $3,000 was paid for the rent in July. (To: W&T, Reference: 002)

1/07 Purchased and paid for two sets of lawn mowing equipment from Lawn Garden (Reference: Inv 135). The unit price is $800. (Hint: You need to add a new account Mowing equipment. Use 145 as the Account Code).

1/07 Purchased two sets of trimming equipment on credit from Bunnings. (Reference: Inv 896). The unit price is $950. The invoice is due to be paid on 20 July (Hint: you need to add a new account Trimming equipment. Use 146 as the Account Code).

2/07 Paid $1,500 for business card and flyer printing (To: Print Shop, Reference: Inv369).

2/07 Paid 12-month insurance policy to InsuranceUs for $3 600 (Reference: 8600). The Insurance is treated as a prepayment initially.

2/07 Purchased a Van for $58,000. The vehicle has a useful life of 10 years and zero residual value. A payment of $20,000 was made on the purchasing day, the outstanding balance will be paid on 2 August. (From: Vehicle City, Reference: 378Z)

4/07 Completed a trimming task. $2,000 was paid by the client. (Invoice#: INV-0001; Customer: Peter Cook).

8/07 Reived the total of $1,800 in advance from a client for a six-month mowing service (i.e., once per month) commencing from July. (Invoice#: INV-0002, Customer: Amy Gee).

12/07 Completed the July mowing service for Amy Gee.

15/07 Completed a trimming task. $3,000 was paid by the client. (Invoice#: INV-0003; Customer: Dave White)

20/07 Signed a contract with Garden Cafe to provide trimming and mowing services for 24 months at a rate of $1,500/month. The first month's service was provided on 20 July. Payment will be received 20 days after the service provided. (Invoice#: INV-0004)

20/07 Paid for the purchase of trimming equipments made on 1 July. (Reference: 032)

21/07 Fill up a Van with petrol. $150 was paid. (To: Shell, Reference: 4750) 23/07 Completed a trimming task. $1,500 was paid by the client. (Invoice#: INV-0005; Customer: Don Hope).

25/07 Received electricity bill of $90 from Energy Australia with a due date on 10 August. (Reference: 0368)

31/07 Salaries of $2,500 are owed at 31 July and will be paid on 2 August. 31/07 Record insurance expense for the month.

31/07 Record the monthly depreciation expense for the Van. The straight line method is used.