The following events occurred during the first month of business of Hair Affair Pty Ltd, Kate Brown’s hairdressing salon:
1. issued shares to shareholders in exchange for \($20\) 000 cash 

2. purchased \($4800\) of hair supplies inventory on account (to be paid in 30 days)
3. interviewed three people for the position of hairdresser. In what form (type of record) should the entity initially record these three activities? Prepare the entries to record the transactions.