Class, complete the Journal entry for the following business transactions.

a.Wes Lee invests $7,000 cash in the business.

b.Insurance of $800 is paid for the year.

c.Supplies of $2,000 are purchased on account.

d.Cash of $8,500 is received for services performed.

e. The business pays $1,000 on account from C.

f. The business pays $3,000 for equipment.

g. The business pays rent of $600

Each person choose ONE to try. (Remember that the journal entry has to balance and you have to have a debit and credit account and amount).