after researching the different forms of business organization, Natalie Kocbel decides to start a proprietorship called Nat's Clock Rewinding. She then starts the process of getting the business running, During the month of January 2020, the following activities take place: an 12 an 20 n. 22 an. 23 Natalie invests $2.000 cash, and tools and equipment worth $750 into the business. Her family provides her business with a $3,000 loan, and she signs a year note payable for it. Pays $250 to advertise in the January 21 sue of the community wspaper Natalie hopes that this ad will generate revenue during the coming months. Buys business supplies for $294 cash Natalie realizes that the business needs a new piece of equipment. She purchases and receives new equipemt that costs $3,200. It will be paid for in February Natalie performs some clock rewinding services for her first client, the Time Stand Still yoga studio, and leaves an invoice for $925 with the studio owner. The owner says the invoice will be paid some time February. A $192 invoice is received for the use of the cell phone, which is used exclusively for the business. The invoice is for services provided in January and is payable by February 6. The Time Stand Still yoga studio wants more of their clocks rewound next month, Natalie is thrilled! She receives S200 cash in advance as a down payment Natalie realizes that her initial cash investment is not enough. She meets with her bank and completes an application for a $2.000 loan an28 aan 29 Required: ournal Entries Marks available: 4 per Journal Entry any error results in 4 marks lost Record the above events as applicable in General Journal format using the spaces below. clect the most appropriate account name from the drop down list attached to cach space, and enter the transaction amount in the DR and CR spaces. there are any cases where no entry is required, select "NO ENTRY REQUIRED" in the account namespaces. Account Names DR CR an 12 an. 20 an 22 an. 23 an. 28 an 29 T-Accounts: Marks available: I per Account balance In the following T-accounts, post the journal entries that you preapred in the first step. Only record cach joumal entry's dollar amounts in other words, no need to record dates Accounts Payable Accounts Receivable Advertising Expense Tools and Equipment N Kocbel Capital N Koebel Drawings Notes Payable Notes Receivable Supplies Expense Service Revenue Unearned Revenue Telephone Expense Vehicle Expense Wates Expense