ACCOUNTING IT REQUIRED: POST THE FOLLOWING INITIAL TRANSACTIONS THAT OCURRED DUING THE YEAR TO T-ACCOUNTS. JOURNAL ENTRIES ARE NO REQUIRED 1) Crafty pays the full amount owed in Accounts Payable in January customers pay Crafty $5,000 towards amounts owed to Crafty in Accounts Receivable. 3) On April 1, Crafty purchased equip and the rest was financed with a loan purchased equipment for $26,000. A $2.000 cash down payment was made customers are billed $50,000 on account for seres performed by Crafty during the year. 5) During the year Crafty pays $12,000 in office rent for the current year. 6) Customers paid $35,000 towards amounts billed in 15. "During the year, Crafty performed consulting services totaling $30,000 that were paid for with cash by customers. 8) During the year employees were paid $28,000 for wages. 9) Owners were paid a cash dividend of $6,000 during the year