Brief Exercise 2-3 (Algo) Journal entries [LO2-3] Prepare journal entries for each of the following transactions: 1. Purchase equipment in exchange for cash of $22,800. 2. Provide services to customers and receive cash of $5,200. 3. Pay the current month's rent of $1,700. 4. Purchase office supplies on account for $1,700. 5. Pay employee salaries of $1,500 for the current month. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field