2. Prepare the required journal entries in good format below the following box of information. If no entry is required, make sure to note this. EVENT DATE TRANSACTION 1 Jan 1 You give your business $1000 for 1000 shares in the business 2 Jan 1 Your monthly rent is $500. The rent is due on the first day of each month. 3 Jan 5 You hire two personal trainers for $5000 each per month. The trainers are paid on the last day of each month. 4 Jan 31 Company provides personal training to 5 customers during the month. The bill to these customers totals $30,000. The customers pay in full on January 31. Jan 31 Personal trainers are paid 6 Feb 1 Rent is due and paid 7 Feb 28 Company provides personal training to 8 customers during the month. The total bill is $35,000 and customers pay $25,000 of these bills. Feb 28 Personal trainers are paid 9 March 1 Rent is due and paid 10 March 1 The remaining $10,000 of February training services is received in cash 5 8