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2. (21 pts) Journalize the following transactions from ABC's perspective: a. ABC takes out a $30,000 loan from a bank. b. ABC performs services valued
2. (21 pts) Journalize the following transactions from ABC's perspective: a. ABC takes out a $30,000 loan from a bank. b. ABC performs services valued at $20,000 to a customer. The customer pays $6,000 cash and asks ABC to put the balance on account. C. On July 1, ABC pays $12,000 for half a years' insurance. d. ABC purchases $16,000 worth of inventory on account. e. The customer in (b.) sends $10,000 to ABC. f. ABC pays off the supplier in (d.) g. Record the AJE related to (c.) at the end of July
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