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Questions 2 Recording transactions in Journal entries On 1 August 2019 Nicole Andrew opened a...

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Questions 2 Recording transactions in Journal entries On 1 August 2019 Nicole Andrew opened a beauty parlour. The following transactions occurred during the first month of operations (ignore GST). Aug 1 Andrew invested $150,000 in the business by depositing cash into a business cheque account with the Northpac Bank 2 Purchased equipment which has a total cost $65,000. $30,000 was paid by an online bank transfer and the remaining amount was paid by signing a commercial bank loan. 3 Paid $2,000 for the first month's rent 4 Purchased supplies for $9,400 5 Paid advertising expense of $990 using an online bank transfer 16 Recorded beauty services revenue for the first half of the month of $3350 in cash and &630 on credit 20 Received a $180 payment from customers who paid on credit in the first half of the month 28 Andrew withdrew $660 cash for personal living expenses 30 Recorded revenue for the second half of the month $3690 in cash and $600 on credit 31 Paid electricity bill of $520 by electronic transfer Required Prepare the general journal entries to record the above transactions in the month of August 2019. Date Account Title Ref Debit Credit

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