Reference no: EM133062953

Question - The post-closing trial balance of Peter's Lawn Services as at 30 June 2021 is as follows:

	Debit $	Credit $
Cash at bank	15,800
Accounts receivable	4,600
Fertiliser Supplies	900
Equipment	21,000
Accumulated depreciation - Equipment		3,000
Accounts payable		2,300
Bank loan		25,000
Peter, Capital		12,000
	42,300	42,300

The following transactions occurred during the month of July 2021.

July 1 Purchased a used motor vehicle for cash, $12,000, for use in business.

July 7 Completed landscaping job for a client and received cash, $15,000.

July 10 Performed lawn services for a client on credit, $1,800.

July 12 Purchased fertiliser supplies on credit, $2,000.

July 14 Paid $3,500 of the accounts payable.

July 15 Received $900 on account from 10 July transaction.

July 25 Peter withdrew capital of $3,500.

July 31 Paid $5,160 for a one-year insurance policy.

Required -

a) Journalise the transactions for the month of July 2021. Narrations are required.

b) Prepare the cash at bank ledger account as at 31 July 2021.