Question 1 This question has two parts, Part A and B. You are required to answer both parts. Part A On 1 March, David Tan established \"David Interior Designs\". During the rst month of operations, his business experienced the following events: 1 Mar David Tan invested $50,000 in the business. 1 Mar Paid $18,000 for ofce rent for the next six months. 1 Mar Paid $5,000 to advertise the services of David Interior Designs. 2 Mar David Interior Designs ofcially opened for business. 10 Mar Received $10,000 cash from a client as advance payment for services to be performed next month. 28 Mar Received a bill of $200 from Singapore Powers for the month of March. The bill will be paid next month. 31 Mar Borrowed $20,000 by signing a note payable. Analyse the above and record the necessary entries (indicate if no entry is required for the event). Narrations are not required. ( 13 marks)