1. Provide music lessons to students for $9,000 cash. 2. Purchase prepaid insurance to protect musical equipment over the next year for $3,240 cash. 3. Purchase musical equipment for $12,000 cash. 4. Obtain a loan from a bank by signing a note for $14,000. 2 3 Purchase prepaid insurance to protect musical equipment over the next year for $3,240 cash. Note: Enter debits before credits. Transaction 02 General Journal Debit Credit Journal entry worksheet Journal entry worksheet Note: Enter debits before credits. Transaction 04 General Journal Debit Credit