accounting 101. Part 1 will contain a chart of accounts withopening account balances, list of business transactions, journalingall transactions into the general journal, and updating eachaccount ba Dec. \( 1^{\text {th }} \)-Collected \( \$ 800 \) from Franklin from a previous engagement in Oct. Dec. \( 2^{\text {nt }} \) - Paid \( \$ 1,600 \) on Gusto's inc. invoice from a previously recorded t 1 answer