Company Name:Caliso Ltd. Date Transactions made in the month of July 2021 1-JulReceived $14,000 cash and $2,000 supplies from Shawn's investment of $16,000 in his start-up. 1-JulPurchased a $13,000 server equipment from OfficeIT of which $11,000 was paid in cash and $2,000 on credit. 3-JulPaid three months' rent on a lease rental contract $6,500 6-JulBorrowed $22,410 through a 18-month bank loan to provide the desired business liquidity. 7-JulPaid $340 cash for a magazine advertisement. 8-JulPaid $4,070 premiums for a business insurance policy. 9-JulCompleted $4,900 design services for YonBiz. Amount is to be received within 120 days. 10-JulPaid part-time assistant for 4 weeks' salary $1,030. 16-JulReceived $3,400 cash payment for business services provided to DotCop. 17-JulReceived $6,870 cash from TriCom for design services to be provided in Oct. 20-JulPaid $210 taxes to the authorities in cash. 22-JulReceived cash $1,130 from YonBiz as partial payment for work completed on 9 Jul. 23-JulPaid $890 cash for supplies. 25-JulPaid OfficeIT $1,140 as part of the debt incurred on 1 Jul. 28-JulCash withdrawal $2,120 by Shawn to pay for his expense. 31-JulInsurance expired in Jul is $260. 31-JulRent expired in Jul is $1,950. 31-JulPaid $280 interest in cash to bank for the loan that the company took on 6 Jul. 31-JulRecorded depreciation of server equipment for Jul using straight-line depreciation. The equipment has an estimated useful life of 40 months. The company expects to sell it for $800 at its end of life. 31-JulSupplies used in Jul is $730. Create a Journal Entry and a Balance Sheet