AP-5A L 34 Rejuvenation Spa is a sole proprietorship owned by Claire Sawyer. During the month of July 2018, the following transactions took place. July 3 Provided services to a customer on account worth $3,600 July 4 Borrowed $2,000 cash from the bank July 6 Provided services to a customer and received $2,400 in cash July 10 Received a telephone bill for $250, which will be paid later July 11 Paid $600 cash to reduce the amount owed to a supplier July 15 Collected $1,800 cash from customers owing on account July 20 Paid the telephone bill from July 10 July 21 Paid a portion of the bank loan principal with $1,500 cash July 31 Paid salaries for the month with $1,600 cash July 31 Purchased equipment for $1,900, which will be paid later Prepare the journal entries for the above transactions. 126 The Accounting Cycle: Journals and Ledgers Chapter 4 Date Account Title and Explanation PR Debit Credit ccounting Cycle: Journals and Ledgers Cha Date Account Title and Explanation PR Debit Credit