Record the transactions into the journal for Tilby Ltd.

1 JulyPurchased equipment for $16 000 on credit.

1 JulyPaid annual insurance premium of $1 200.

2 JulyTilby invested $10 000 in the business.

4 JulySold merchandise for $ 8 000 in cash. Cost of sales was $ 2 000.

15 JulyCollected $2 300 on accounts receivable.

17 JulyPaid $3 500 on the amount owing to creditors.

22 JulyEmployees earned $ 5 000; wages of $ 2000 paid and $ 3000 is to be paid

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