1) Prepare general journal entries to record the following transactions using the following accounts- Cash; Accounts Receivable; Equipment; Office Equipment; Accounts Receivable; Acccounts Payable; Sales Revenue, Cost of Goods Sold, Salaries Expense; Depreciation Expense, Telephone Expense, Accumulated Depreciation, Merchandise Inventory, Salaries Payable. a. The company purchased equipment costing $8,000 with cash. b. The company sold $10,000 in merchandise inventory on account. The inventory cost $6,000. c. Depreciation expense on the company's equipment is $1,500. d. The company received the payment for the $10,000 sale from the customer e. $5,000 of employee salaries are yet to be paid by the company at month month end. e. Telephone bill of $600 is received at month end and not yet paid