A prerequisite for this class is that you have taken a basic accounting course. In that course, you learned to write a journal entry to record (document) a transaction. Journal entries are then summarized in the General Ledger and from the GL, financial statements are created. A transaction frequently involves two parties: for example, a buyer and a seller. QuickBooks Online usually does not require you to write a journal entry. You enter transactions on a business form and QBO writes the JE behind the scenes. However, each transaction that you record in QBO, you should know the JE. Knowing the JE will help you fix errors in QBO accounting. Below is a transaction between a buyer and a seller. Eskimo Joes, designer of the worlds second best-selling T-shirt, buys $20,000 of cloth material, on account, from Stillwater Supply on November 1, 2022, Requirement 1: Prepare the journal entry (the account debited, the account credited, and the explanation) on November 1, 2022, to record the transaction for Eskimo Joes purchase of cloth material. (a). Eskimo Joes November 1, 2022 Requirement 2: Prepare the journal entry (the account debited, the account credited, and the explanation) on November 1, 2022, to record the transaction for Stillwater Supply sale of cloth materials. (b). Stillwater Supply November 1, 2022 You are an outside accounting advisor to Eskimo Joe's and Stillwater Supply. Answer the following questions: What information do you need to write the JE (be specific about what you need to know)? In a real business, where would you find the information that you needed to write the JE