Case Study Simulation. 20 marks Albert has decided to leave his job and open up a small coffee shop in La Cala. He has $50,000 of his own money to invest in the business. Please make the entries for each of the transactions mentioned below. Transaction 1. January 1st 2020. Albert creates a sole proprietorship company called Alberts Coltee. Albert invests $30,000 of his own money into Alberts Coflee company as his equity. Transaction 2. January 5 th 2020 The company buys a coffee machine worth $5,000 and pays for it in cash. Transaction 3. January 6th 2020. The company buys cotfee beans worth $2,000, coffee mugs and supplies for $3,000 from a friend. Albert promises to pay the friend on the 1st of February. Transaction 4. January 10 th, 2020. Albert opens for business and sells $1000 of coffee on day 1. He receives all this money in cash. Transaction 5 , January 11 th, 2020. Albert sells $2,000 worth of coffee in one day, however he receives only $500 in cash and $500 is owed to him by one corporate client, who promised to pay on the 30th of January. Transaction 6 . January 12 th, 2020. The company buys cotfee beans worth $3,000, as they have run short of supplies. The invoice for the beans is not paid in cash but will be paid at the end of the month. Transaction 7. January 13 th, 2020. Albert takes a loan of $10,000 from a bank. Receives the money in cash. Transaction B. January 14th, 2020. Albert buys a van to make deliveries of vans to nearby offices. Transaction 9. January 15th, 2020. Albert hires a delivery van driver. Transaction 10, January 30th, 2020. Albert receives the $500 that was owed to him by the corporate client. Albert pays for the coffee beans worth $3000 in cash. Albert pays his driver $1,000 in cash for the month as his salary. BONUS QUESTION FOR 5 MARKS. Can you organise inflows and outflows of cash on a T account