7. Please journalize the following transactions: -Joe Nacchio invested $35,000 in cash to start his company. -He then took out a bank loan of $150,000 for cash to run his company. -He then paid office rent of $5,200 for this month. - He completed some work for a client that will pay him next month totaling to $66,000. -A prior client then paid $24,500 for services that Joe had completed previously