July $2017.$

David registered his business for GST on $1$ July $2021.$

The following transactions occurred during the month of July

$20.$

David withdrew $$5,000$ from the business bank account as monthly drawings.

The business obtained a business loan $($interest$-$only loan for five years$)$ totaling $$50,000$@$5\%$ per

annum.

Received advertising bill for the month of June $$3,630($including GST$)$ and paid immediately.

Purchased inventory on credit $$29,700($including GST$).$

Paid $$7,600$ cash to suppliers for credit purchases of inventory made previously.

During the week, cash sales were made totalling $$7,700+$ GST$.$

The cost price of the goods sold was $$2,820.$

Purchased $$4,400$ supplies $($GST Inclusive$)$ on credit.

Credit sales were made totalling $$8,900+GST.$

The cost price of the goods sold was $$3,180.$

Paid staff salaries for the month $($Gross salary of $$12,892$; PAYG of $4,068).$

Required:

Analyse and record each transaction in the transaction analysis table provided. List the account

names, indicate the movement $($increase$/$decrease or positive$/$negative$)$ and the amount in the

table provided.

Write down whether each account will be placed on Dr or on $Cr.$

Record the transactions provided above in the general journal provided.