Michael owns and manages a small business which sells organic beauty products to high street shops. Michael sells to the shops on credit at $30$ days credit terms. $($Michael manages all aspects of the business, including ordering, delivery and managing the accounts.$)$ The business accounts are balanced at the end of each month, and the transactions are posted daily.On $1$ July, the balances on Michaels general ledger accounts were as follows:Account nameDebit $()$Credit $()$Capital $63,000$Van $($at net book value$)30,000$Bank$1,500$ Receivables control$62,000$ Payables control $30,50093,50093,500$On $1$ July, the debit balances on the receivables ledger accounts were as follows:Receivables ledger accounts$$Shampoo$5,910$Soap$23,520$Shower Gel$32,570$Total$62,000$On $1$ July, the credit balances on the payables ledger accounts were as follows:Payables ledger accounts$$Lemon$4,601$Rose$25,899$Total$30,500$During July, the following transactions took place:No$.$DateAmount $()$Transaction$12$ July$5,200$Michael pays the business rent from his personal bank account$24$ July$2,800$Michael receives payment from shop Shampoo in part settlement of amounts outstanding$38$ July$9,000$Michael sells goods to shop Soap on $30$ days credit terms$49$ July$32,570$Michael receives payment from shop Shower Gel in full settlement of the amount outstanding$511$ July$10,900$Michael purchases goods from supplier Lemon on $30$ days credit terms$617$ July$11,200$Michael pays to supplier Lemon by bank transfer in part settlement of amounts outstanding$722$ July$25,899$Michael pays by bank transfer the full amount outstanding on the account of supplier Rose$828$ July$11,000$Michael sells goods to shop Shampoo on $30$ days credit termsRequired:a$.$Set out Michaels general ledger accounts and the receivables and payables ledger accounts on $1$ July.