1) Journalize all the following entries and create T-accounts Use the following accounts only : tuition(101), cash(105), equipment(108), salary (109), notes payable (110), discount (114), capital (117), drawings (111). Oct 1 Paid college fees for $8000 cash Oct 5 Chairs sold for cash $1,000 Oct 8 Purchased watches for $10,000 cash Oct 16 Paid 13200 in salaries in cash Oct 19 Took a loan from the bank for $10,000 Oct 21 Purchase computers on discount 10% with retail price of $10,000 , Cash. Oct 24 Withdrew $100 from the business Oct 28 Started a business and deposited 1,000,000 and bought equipment for 10,000