1/2 Prepare journal entries for the transactions for Arco Co for the month of January 2020. Amy Arco invested 20,000 to start the business 1/5 Purchased 2,000 of supplies for cash 1/9 Purchased advertising from Daily News at a cost of 750 payable in 10 days. 1/15 Provided 4,000 of service to Z Co. collected 1,500 cash and balance on account 1/19 Paid for advertising purchased from the Daily News on 1/9 1/21 Purchased equipment from W Co. for 7,500, paid cash 2,500 and balance on account 1/28 Hired assistant at a salary of 500 per week 1/28 Received 3,000 cash advance for service to be provided in February 1/30 Received utility bill for 175 1/31 Collected accounts receivable from Z Co. 1/31 Arco withdrew 1,000 cash for personal use