Analyze and prepare journal entries for the following transactions on the form provided. Pencil foot the debit and credit columns. A) 5/1 purchased a new calculator for the office for $690 on account from J.C. Hollings, Inc.. memo 3. B) 5/2 purchased $3,500 of equipment for the store on account from Craft Bank, memo 4. C) 5/4 paid cash $42.92 for supplies, check 4. D) 5/5 paid cash $1,000 to Bellhaven Bank for amount owed on account, check 5. Please write correct answer and also step by step explanation. Thank you so much