B11-28 Campus Laundromat Nge Aung opened the Campus Laundromat on September 1, 2014. Journalize the following transactions for the first month of operation. Sept. 1 2 3 3 6 10 15 20 25 29 30 30 30 Invested $15,000 cash and laundry equipment worth $5,000 into the business. Paid $1,000 cash for store rent for the month of September. Borrowed $15,000 cash from the bank signing a 6-month, 5% note payable. Purchased washers and dryers for $20,000 cash. Paid $1,200 for a one-year insurance policy. Received a bill from The Daily News for advertising the opening of the laundromat, $300. Billed a nearby restaurant $500 for laundry services performed on account. Withdrew $700 cash for personal use. Received $300 cash from the restaurant billed on September 15. The balance of the account will be collected in October. Received $400 cash advance from the college residence for services to be performed in October. Cash receipts for laundry services performed for the month were $6,200. Paid employee salaries of $1,600. Paid The Daily News $200 of the amount owed from the bill received September 10.