Complete the below accounting entries following the double-entry system.

 

1 1-Aug-20 Holly Johnson, the owner input $25,000 cash investment into the business 2 2-Aug-20 Purchased $7000 equipment for the business on account 3 3-Aug-20 supplies for cash Purchased $2500 office 4 10-Aug-20 Billed customer for services performed $3,200 on account 5 15-Aug-20 Business paid 12 month insurance policy for $3600 6 16-Aug-20 Paid the amount owing from transaction#2 7 20-Aug-20 Collected $2000 from the the transaction#4 8 30-Aug-20 Paid monthly utility bill $280 in cash 9 31-Aug-20 Holly took $1,500 from the business bank account to pay her personal expense.