1. Saif opened a new automobile services shop, SaifvCar Services, on November 1, 2020. Following is the chart of accounts for the month of November. CHART OF ACCOUNTS Saif, capital Equipment Saif, withdrawal Accounts receivable Cash Unearned revenue Account payable Gasoline expense Service revenue Wage expense Prepaid insurance Required: Using the template provided below, prepare journal entries to record the transactions given below. Nov. 1. Saif started business by investing cash AED 30,000 and furniture AED 13,000. Nov. 2. Paid AED 3,870 for 6 months insurance policy on the repair shop Nov. 4. Purchased a car wash equipment for AED 14,000 and paid cash AED 10,000. Balance was on account. Nov. 8. Received AED 3,400 from customers for repairs services to be performed over next 15 days Nov. 13. Performed service AED 1,200 and sent bill to customer Nov. 15. Collected cash of AED 800 for services billed in transaction (13) Nov. 16. Paid AED 2,500 for the transaction on November 4 Nov. 20. Paid gasoline expense AED 870 Nov 21 Saif withdrew AED 1,230 for paying his personal utility bill Nov. 30. Paid wages to workers AED 3,850